Caracaraí (Portuguese pronunciation: [kaɾɐkaɾaˈi]) is a municipality located in the state of Roraima in Brazil.

Its population is 22,283 and its area is 47,411 square kilometres (18,305 sq mi), making it the largest municipality in Roraima state.

The town was originally known as Cidade Porto and was the capital of the Rio Branco Territory which was later renamed Roraima.

Between 1960 and 1982, the municipality contained the districts of Santa Maria do Boiaçu and São José de Anauá.

Caracaraí developed in the supply centre for the region,[3] because it is located on the Branco River south of the waterfalls.