The Brazilian Community in the United States, Especially in Miami: A Growth Boom 2023-2025—Why?

Summary and Tips:

• The Brazilian community in the U.S. has grown by 50% in the last decade, with projections for 2023-2025 indicating an even greater increase.
  
  

• Florida hosts the highest concentration of Brazilians, particularly in cities like Miami and Orlando.
  
  

• There are multiple avenues for integrating into this community, from cultural events to social networks.
  
  

IG: @infonegociosmiami

Brazilian Community in the United States: How Does It Work?

"According to data from the Migration Policy Institute (MPI), the number of Brazilian immigrants in the U.S. increased by nearly 50% between 2010 and 2019, rising from 340,000 to 502,000 individuals." This trend illustrates the resilience and adaptability of the community, which has successfully established itself and thrived in a new environment. "Currently, Brazilians represent just over 1% of the 44.9 million immigrants in the United States as of 2019," highlighting their growing significance in the migratory landscape.

This migratory flow began in the 1980s when there were only 41,000 Brazilian immigrants in the U.S. Since then, this figure has grown exponentially, reflecting not only the quest for better opportunities but also the creation of support networks that facilitate the integration of newcomers.

As of 2023, it is estimated that approximately 1.5 million Brazilians live in the United States. Of this total, around 300,000 to 400,000 are estimated to reside in Miami, making it one of the cities with the highest concentration of Brazilians in the country.

In terms of immigration status, obtaining precise figures on the number of undocumented Brazilians is challenging. However, it is estimated that between 20% to 30% of the Brazilian population in the U.S. could be undocumented, suggesting that there may be between 300,000 and 450,000 Brazilians without legal status in the country.

Therefore, combining these figures, the total number of Brazilians in the United States could range from 1.5 to 1.7 million, with Miami accounting for between 300,000 and 450,000. These numbers reflect a diverse and growing community driven by the pursuit of better opportunities and a more stable environment.

The "Largest" Brazilian Community in the U.S.: Discover Where It Is

"The largest community of Brazilians in the United States is concentrated in the state of Florida." The cities of Miami, Orlando, and Fort Lauderdale have become destinations of choice for those seeking to improve their quality of life. "The significant presence of Brazilians in Florida can be attributed to several factors, including: a climate similar to Brazil's, a robust economy, business opportunities, and the presence of established communities that provide support and integration for newcomers."

Cities and States with the Most Brazilians in the U.S.

The Brazilian community manifests strongly in various cities and states. "According to MPI data for the period 2015-2019, the leading states are: Florida (22%), Massachusetts (17%), and California (11%)." In terms of cities, "the highest concentration of Brazilians is found in the metropolitan areas of Greater Boston (13%), Miami (13%), and New York (12%)."

The counties with the highest presence of Brazilian immigrants include Middlesex in Massachusetts and Broward, Miami-Dade, Orange, and Palm Beach counties in Florida, collectively hosting 24% of the Brazilian population in the U.S.

In recent years, the Brazilian community in Miami and across the United States has grown significantly due to various socioeconomic and political factors. Below are some of the reasons behind this phenomenon:

1. Political and Economic Instability in Brazil: The policies of Luiz Inácio Lula da Silva have generated uncertainty among Brazilian entrepreneurs. Many feel that the economic and fiscal policies may negatively impact their businesses, leading them to seek opportunities abroad.

2. Devaluation of the Real: The decline in the value of the Brazilian currency has prompted many entrepreneurs to diversify their investments. By investing in the United States, they can protect their capital and access a more stable and predictable market.

3. Pursuit of New Markets: With declining investments in Brazil due to political and economic instability, and a new left

4. Pursuit of New Markets: With declining investments in Brazil due to political and economic instability, and a new leftward shift, many entrepreneurs are seeking more favorable markets. The United States, particularly Miami, presents an attractive destination due to its business-friendly environment and proximity to Latin America.

5. International Relations: The subtle political tensions between Brazil and other countries such as the USA, Israel, England, Italy, Argentina, and Paraguay, due to Brazil's warming relations with Russia and China, have resulted in a "drying up" of investments from these markets into Brazil. This has pushed entrepreneurs to seek new opportunities in places like Argentina and the United States, where they can establish themselves in a more welcoming environment.

6. Brazilian Community in Miami: Miami boasts an already established Brazilian community, which facilitates the integration of new emigrants. This support network can be crucial for entrepreneurs looking to settle and expand their businesses.

7. Opportunities in the Real Estate Market: Many Brazilians are investing in the real estate sector in Miami, attracted by the potential for growth and the stability of the market. Purchasing properties in the United States is seen as a way to secure assets in a safer environment.

8. Lifestyle: Beyond economic opportunities, Miami offers an appealing lifestyle, with a warm climate, vibrant culture, and diverse community, making it a desirable destination for many Brazilians seeking a better quality of life.

Investment and Trade Exchange with Miami

Miami has solidified its position as a key hub for Brazilian investments. In 2022, Brazilian investments in the state of Florida surpassed $1.5 billion, marking a 30% increase compared to pre-pandemic levels. The areas of greatest interest include real estate, technology, and trade.

Trade relations between Brazil and Miami have also grown, with commercial exchange reaching $8 billion in 2023. This growth is attributed to cultural and geographical proximity, as well as trade agreements that facilitate transactions between the two countries.

Real Estate Market: Properties in Miami

The Brazilian community has shown increasing interest in the Miami real estate market. It is estimated that around 20% of luxury properties in Miami are purchased by Brazilian nationals. In total, more than 15,000 Brazilians are believed to own real estate in the region, reflecting their confidence in the market and their pursuit of asset diversification

• Contacts: juan.maqueda@onefullagency.com or marcelo.maurizio@onefullagency.com