The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Brazil  
Rank: 39 · Score: 54.5  

Basic facts        
Population (millions) 215.3   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 1,907.4   M&A volume (quartile) Top
GDP per capita (US$) 8,858.6   Venture capital investments (quartile) Top
GDP growth (per cent) 0.9   Private equity investments (quartile) Top
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 39 78, 82, 80, 83, 86 54.5
1 Economic Activity 30 72, 82, 66, 79, 95 82.0
2 Depth of Capital Market 19 95, 102, 105, 109, 106 72.9
3 Taxation 124 1, 1, 1, 1, 1 10.2
4 Investor Protection and Corporate Governance 87 39, 37, 35, 38, 38 55.1
5 Human and Social Environment 68 53, 55, 57, 57, 57 30.4
6 Entrepreneurial Opportunities 39 76, 84, 84, 86, 86 59.4


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Brazil  
Latin America
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Mexico 89.1 58.2 72.0 63.6 29.4 58.9
Brazil 82.0 72.9 10.2 55.1 30.4 59.4
Chile 73.2 36.7 82.0 79.3 39.3 56.3
Colombia 72.8 34.3 28.6 66.8 31.6 53.1
Peru 78.8 33.0 73.3 60.9 23.2 44.4
Argentina 77.3 30.9 28.2 53.8 25.8 49.7
Jamaica 55.9 30.4 76.2 67.6 32.1 37.2
Last updated: 4 Nov 2023