Argentina 前沿市场
Latin America · Buenos Aires · ARS (Argentine Peso)
经济与产业概览
Argentina is the second-largest economy in South America, with key industries including agriculture (soybeans, corn, wheat, beef), energy (oil and gas, notably the Vaca Muerta shale formation), financial services, manufacturing, and technology. The country has significant natural resource wealth and a well-educated workforce, but has historically been challenged by high inflation, currency volatility, and recurring sovereign debt crises. Under President Javier Milei, elected in late 2023, Argentina launched sweeping fiscal austerity and deregulation reforms that sharply reduced the fiscal deficit and brought inflation down from a peak annual rate above 200% in 2024 to the 30–35% range by mid-2026. The Buenos Aires stock exchange (ByMA) hosts 73–78 listed domestic companies, with the S&P Merval index as the benchmark. Agriculture, hydrocarbons, banking, and telecoms remain the dominant listed sectors.
主要行业
📘 全面了解Argentina →宏观
| GDP 名义, 美元 | $638.00B |
| GDP增速 实际, 年度 | 4.4% |
| 通胀率 年度 | 33.5% |
| 人口 人口 | 46.0M |
| 人均GDP 美元 | $13,422 |
| 市值 上市总额, 美元 | $55.00B |
| 市值/GDP | 8.6% |
| 失业率 | 6.3% |
| 上市公司数量 | 78 |
| 交易所 | Bolsas y Mercados Argentinos (BYMA) |
数据年份: 2025. 数据来源: World Bank (GDP 2024), IMF World Economic Outlook April 2026, INDEC (Instituto Nacional de Estadística y Censos), FocusEconomics, Trading Economics, Macrotrends, BBVA Argentina 20-F SEC Filing 2024, S&P Dow Jones Indices (S&P Merval), Wikipedia – Economy of Argentina, SimplyWall.St MERVAL Market Cap Data, StockAnalysis ARGT Holdings, ETFdb.com Argentina ETF List.
最新消息
Latin America其他市场
最大上市公司
主要本地交易所按市值排名最大的公司。
| # | 公司 | 行业 | 市值美元 | 美国上市 |
|---|---|---|---|---|
| 1 | YPF S.A.YPFD · BYMA | Energy / Oil & Gas | $13.65B | YPF |
| 2 | Grupo Financiero Galicia S.A.GGAL · BYMA | Banking | $7.21B | GGAL |
| 3 | Banco Macro S.A.BMA · BYMA | Banking | $5.07B | BMA |
| 4 | Telecom Argentina S.A.TECO2 · BYMA | Telecommunications | $4.62B | TEO |
| 5 | Transportadora de Gas del Sur S.A.TGSU2 · BYMA | Energy / Gas Transport | $4.36B | TGS |
| 6 | Pampa Energía S.A.PAMP · BYMA | Utilities / Energy | $4.09B | PAM |
| 7 | Banco BBVA Argentina S.A.BBAR · BYMA | Banking | $3.12B | BBAR |
| 8 | Central Puerto S.A.CEPU · BYMA | Utilities / Power Generation | $2.27B | CEPU |
| 9 | Ternium Argentina S.A.TXAR · BYMA | Materials / Steel | $1.82B | — |
| 10 | Bolsas y Mercados Argentinos S.A.BYMA · BYMA | Diversified Financials / Exchange | $1.56B | — |
| 11 | Aluar Aluminio Argentino S.A.I.C.ALUA · BYMA | Materials / Aluminium | $1.50B | — |
| 12 | IRSA Inversiones y Representaciones S.A.IRSA · BYMA | Real Estate | $1.17B | IRS |
| 13 | Transportadora de Gas del Norte S.A.TGNO4 · BYMA | Energy / Gas Transport | $1.17B | — |
| 14 | Edenor S.A.EDN · BYMA | Utilities / Electricity Distribution | $1.10B | EDN |
| 15 | Transener S.A.TRAN · BYMA | Utilities / Electricity Transmission | $1.10B | — |
| 16 | Banco Patagonia S.A.BPAT · BYMA | Banking | $1.04B | — |
| 17 | Grupo Supervielle S.A.SUPV · BYMA | Banking | $845.00M | SUPV |
| 18 | Cablevision Holding S.A.CVH · BYMA | Media / Telecommunications | $845.00M | — |
| 19 | Molinos Río de la Plata S.A.MOLA · BYMA | Food, Beverage & Tobacco | $845.00M | — |
| 20 | Cresud S.A.C.I.F. y A.CRES · BYMA | Food / Agriculture / Real Estate | $715.00M | CRESY |
| 21 | Metrogas S.A.METR · BYMA | Utilities / Gas Distribution | $715.00M | — |
| 22 | IRSA Propiedades Comerciales S.A.IRCP · BYMA | Real Estate / Shopping Centres | $45.00M | — |
在美交易ETF
在美国上市并提供该市场敞口的基金——对许多美国投资者而言是最便捷的途径。
| 股票代码 | ETF | 发行机构 | 覆盖范围 | 费率年化% | 投资敞口占基金% |
|---|---|---|---|---|---|
| ARGT | Global X - MSCI Argentina ETF | Global X (Mirae Asset) | 单一国家 | 0.59% | 100% |
| ILF | iShares Latin America 40 ETF | BlackRock / iShares | 区域 | 0.48% | 5% |
| EWZ | iShares MSCI Brazil ETF | BlackRock / iShares | 区域 Reference only | 0.59% | 0% |
| EEM | iShares MSCI Emerging Markets ETF | BlackRock / iShares | 广泛新兴市场 | 0.68% | 1% |
本地交易所与准入
| 交易所 | Bolsas y Mercados Argentinos |
| 代码 | BYMA |
| 网站 | www.byma.com.ar |
| 货币 | ARS |
本地券商准入
Foreign investors can access Argentine equities via US-listed ADRs traded on NYSE/NASDAQ, or through the ARGT ETF. Direct trading on ByMA requires an account with a locally licensed Agente de Liquidación y Compensación (ALyC) broker such as IOL Invertironline, Balanz, Bull Market Brokers, or Grupo Cohen. Some US brokers (Interactive Brokers, for example) may provide access to Argentine ADRs. Capital controls (cepo cambiario) historically restricted cross-border flows; investors should verify current CNV and BCRA regulations as restrictions have been progressively lifted under the Milei administration. Settlement on ByMA is T+2.
支持外国市场准入的全球券商
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
仅供参考,不构成推荐。不同券商及您所在国家/地区的可用市场、费用及开户规定各有不同。
移居与居留权
投资签证/居留权项目
资助项目 No formal investment-migration programme; standard immigration residency routes available
Argentina does not operate a formal golden visa or citizenship/residency-by-investment programme of the type common in Europe or the Caribbean. Foreign nationals may obtain temporary residency through the standard immigration law (Law 25.871) by demonstrating passive income (rentista), retirement income (pensionado), or by incorporating and investing in an Argentine business (inversionista category), with no fixed published minimum investment threshold. These routes are administered by the National Directorate of Migration (DNM).
需要申请协助?专业投资移民顾问(如 Henley & Partners.
外资准入
Argentina allows foreign nationals to establish residency under the 'rentista' (passive income), 'pensionado' (retiree), or 'inversionista' (business investor) visa categories under Immigration Law 25.871. There is no official minimum investment threshold published for the inversionista category. Buenos Aires is a major regional hub with a large expat community, relatively low cost of living in USD terms, and no wealth tax on foreign-source income for the first five years of tax residency (under the 'new resident' rule). Consult current Argentine immigration counsel as rules are subject to change.
在美上市ADR及交叉挂牌
该国股票同时在美国交易的公司——可通过普通美国券商账户进行投资。
| 公司 | 美国股票代码 | 本地股票代码 | 备注 |
|---|---|---|---|
| Banco BBVA Argentina S.A. | BBAR | BBAR | Traded on NYSE since 1993. Local subsidiary of Spain's BBVA group; one of Argentina's top private banks. Each ADS represents 3 ordinary shares. |
| Banco Macro S.A. | BMA | BMA | Traded on NYSE. One of the largest private Argentine banks, with strong interior-province franchise. Each ADS represents 1 Class B ordinary share. |
| Central Puerto S.A. | CEPU | CEPU | Traded on NYSE. Leading private power generation company. Each ADS represents 10 Class B ordinary shares. |
| Cresud S.A.C.I.F. y A. | CRESY | CRES | Traded on NASDAQ. Argentina's largest listed agricultural landowner; also controls IRSA. Each ADS represents 10 ordinary shares. |
| Grupo Financiero Galicia S.A. | GGAL | GGAL | Traded on NASDAQ. Holding company of Banco Galicia, one of Argentina's largest private banks. Each ADS represents 10 Class B ordinary shares. |
| Grupo Supervielle S.A. | SUPV | SUPV | Traded on NYSE. Diversified financial services group including Banco Supervielle. Each ADS represents 5 Class B ordinary shares. |
| IRSA Inversiones y Representaciones S.A. | IRS | IRSA | Traded on NYSE. Argentina's leading listed real estate company with shopping centres, offices, and hotels. Each ADS represents 10 ordinary shares. |
| MercadoLibre Inc. | MELI | MELI | Traded on NASDAQ. Argentine-founded e-commerce and fintech platform operating across Latin America; the largest company by market cap in the ARGT ETF. MercadoLibre is incorporated in the US but headquartered operationally in Buenos Aires; it is the dominant LatAm marketplace. |
| Pampa Energía S.A. | PAM | PAMP | Traded on NYSE. Argentina's largest independent integrated power company. Each ADS represents 25 ordinary shares. |
| Telecom Argentina S.A. | TEO | TECO2 | Traded on NYSE. Argentina's largest integrated telecom operator. Each ADS represents 5 Class B ordinary shares. |
| Transportadora de Gas del Sur S.A. | TGS | TGSU2 | Traded on NYSE. Operator of Argentina's southern gas pipeline and NGL processing complex. Each ADS represents 5 Class B ordinary shares. |
| Vista Energy S.A.B. de C.V. | VIST | VIST | Traded on NYSE. An independent oil and gas company focused on unconventional Vaca Muerta shale production in Argentina; incorporated in Mexico but primary operations are in Argentina's Neuquén Basin. |
| YPF S.A. | YPF | YPFD | Traded on NYSE. Argentina's state-controlled integrated oil and gas company; one of the most liquid Argentine ADRs. Each ADS represents one ordinary share. |