Brazil recorded foreign direct investment (FDI) inflows of $11.3 billion in September 2026, marking the highest level since January 2017, up from $9.6 billion a year earlier and well above market expectations of $6.5 billion. Equity inflows totaled $8.1 billion, including $4.3 billion in non-reinvested equity and $3.8 billion in reinvested earnings, while intercompany lending added $3.2 billion. Portfolio investment recorded net outflows of $2.1 billion in September 2026, as equity and fund investments posted outflows of $1.7 billion and debt securities recorded outflows of $0.4 billion. Over the 12 months to September, FDI totaled $88.3 billion, equivalent to 3.43% of GDP.