Aperçu économique et sectoriel
Argentina is Latin America's third-largest economy by nominal GDP, with a diversified base spanning agribusiness, energy, mining, manufacturing, and services. The country is a major global exporter of soybeans, corn, beef, and wheat, and possesses the world's second-largest shale gas reserves and fourth-largest shale oil reserves at Vaca Muerta. In late 2023 President Javier Milei launched sweeping fiscal-adjustment and deregulation reforms that sharply reduced the fiscal deficit and brought annual inflation down from 211% in 2023 to approximately 118% in 2024 and further toward 30–35% by end-2025. Argentina reclassified as a frontier market by MSCI in 2019 following its 2018 currency crisis, and its equity market is traded on the BYMA (Bolsas y Mercados Argentinos). Persistent structural challenges include high inflation, recurring sovereign-debt stress, capital controls, and exchange-rate complexity.
Secteurs clés
Tout savoir sur Argentina →Macro
| PIB nominal, USD | $633.27B |
| Croissance du PIB réel, annuel | 4.4% |
| Inflation annuel | 117.8% |
| Population habitants | 46.0M |
| PIB par habitant USD | $13,422 |
| Capitalisation boursière total coté, USD | $113.00B |
| Capitalisation boursière / PIB | 18.0% |
| Chômage | 6.3% |
| Sociétés cotées | 99 |
| Bourse | Bolsas y Mercados Argentinos (BYMA) |
Année des données: 2024. Sources: World Bank (GDP 2024), IMF World Economic Outlook (April 2026), INDEC – Instituto Nacional de Estadística y Censos, FocusEconomics, Trading Economics, BBVA Research, Wikipedia – Economy of Argentina, SEC EDGAR – BYMA 2024 Annual Market Cap Data (from Telecom Argentina 20-F), S&P Dow Jones Indices – S&P/BYMA Argentina General Index, Worldometer (IMF 2026 estimates).
Dernières actualités
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Autres marchés de la région Latin America
Principales sociétés cotées
Les plus grandes entreprises de la principale bourse locale, par capitalisation boursière.
| # | Entreprise | Secteur | Capitalisation boursièreUSD | Cotation américaine |
|---|---|---|---|---|
| 1 | MercadoLibre, Inc.MELI · NASDAQ (primary); BYMA cross-listed | E-Commerce & Fintech | $120.00B | MELI |
| 2 | YPF S.A.YPFD · BYMA | Oil & Gas | $16.00B | YPF |
| 3 | Grupo Financiero Galicia S.A.GGAL · BYMA | Banking & Financial Services | $7.50B | GGAL |
| 4 | Globant S.A.GLOB · NYSE (primary) | Information Technology & Software | $7.00B | GLOB |
| 5 | Banco Macro S.A.BMA · BYMA | Banking & Financial Services | $5.50B | BMA |
| 6 | BBVA Argentina S.A.BBAR · BYMA | Banking & Financial Services | $4.50B | BBAR |
| 7 | Pampa Energía S.A.PAMP · BYMA | Energy (Electricity & Oil) | $4.00B | PAM |
| 8 | Telecom Argentina S.A.TECO2 · BYMA | Telecommunications | $3.80B | TEO |
| 9 | Central Puerto S.A.CEPU · BYMA | Utilities – Power Generation | $2.80B | CEPU |
| 10 | Ternium Argentina S.A.TXAR · BYMA | Steel & Metals | $2.50B | — |
| 11 | Loma Negra Compañía Industrial Argentina S.A.LOMA · BYMA | Construction Materials | $1.80B | LOMA |
| 12 | IRSA Inversiones y Representaciones S.A.IRSA · BYMA | Real Estate | $1.50B | IRS |
| 13 | Edenor S.A.EDN · BYMA | Utilities – Electricity Distribution | $1.40B | EDN |
| 14 | Bioceres Crop SolutionsBIOX · NASDAQ (primary) | Agricultural Biotechnology | $600.00M | BIOX |
| 15 | Arcos Dorados HoldingsARCO · NYSE (primary) | Restaurants & Consumer Services | $2.20B | ARCO |
| 16 | Banco BBVA Argentina (additional note)BBAR · BYMA | Banking | $4.50B | BBAR |
| 17 | Sociedad Comercial del Plata S.A.COME · BYMA | Diversified Industrials | $900.00M | — |
| 18 | Transportadora de Gas del Sur S.A.TGSU2 · BYMA | Utilities – Gas Transportation | $2.20B | TGS |
| 19 | Cresud S.A.C.I.F. y A.CRES · BYMA | Agriculture & Real Estate | $700.00M | CRESY |
| 20 | Aluar Aluminio Argentino S.A.I.C.ALUA · BYMA | Metals & Mining – Aluminium | $1.10B | — |
ETF négociés aux États-Unis
Fonds cotés aux États-Unis offrant une exposition à ce marché, la voie la plus simple pour de nombreux investisseurs américains.
| ETF | Périmètre | Ratio de frais% annuel | Exposition% du fonds |
|---|---|---|---|
| ARGTGlobal X - MSCI Argentina ETF · Global X | Monopays | 0.59% | 100% |
| ILFiShares Latin America 40 ETF · iShares (BlackRock) | Régional | 0.48% | 4% |
| GMLSPDR S&P Emerging Latin America ETF · State Street (SPDR) | Régional Delisted | 0.49% | 3% |
| FMiShares MSCI Frontier and Select EM ETF · iShares (BlackRock) | Marchés émergents larges | 0.79% | 5% |
Bourse locale & accès
| Bourse | Bolsas y Mercados Argentinos |
| Code | BYMA |
| Site web | www.byma.com.ar |
| Devise | ARS |
Accès aux courtiers locaux
Foreign investors face significant practical constraints accessing Argentine equities directly, including capital controls (cepo cambiario), multiple exchange rates, and repatriation restrictions. US-based retail investors typically gain exposure through US-listed ADRs (e.g., YPF, MercadoLibre, Globant, Banco Macro, Telecom Argentina, BBVA Argentina, Edenor, Pampa Energia, Central Puerto, Loma Negra, IRSA, Arcos Dorados, Bioceres) or through EM/frontier-market ETFs. Locally, brokerage accounts can be opened with Argentine brokers (Accionistas, Bull Market, IOL invertironline) but require compliance with CNV regulations and currency-control frameworks. Non-residents should verify current CNV and BCRA regulations before transacting.
Courtiers internationaux avec accès aux marchés étrangers
- 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.
Indiqué à titre indicatif uniquement, pas une recommandation. Les marchés disponibles, les frais et les règles d'ouverture de compte varient selon le courtier et votre pays de résidence.
Relocalisation & résidence
Visa d'investissement / programme de résidence
Subventions No formal investment-migration programme
Argentina does not operate a formal golden visa or citizenship-by-investment programme. Foreign nationals may obtain temporary and then permanent residency through standard immigration categories (employment, retirement income, or family reunification). The country has a relatively accessible residency pathway for rentistas (those with demonstrable foreign income) and pensioners, but there is no minimum real-estate or fund investment threshold that automatically grants residency rights. Permanent residency leads to eventual eligibility for citizenship after two years of permanent residence.
Besoin d'aide pour votre candidature ? Des conseillers spécialisés en migration par investissement tels que Henley & Partners.
Accès pour les investisseurs étrangers
Argentina allows foreign nationals to reside under the Rentista or Pensionado categories upon demonstrating regular foreign income; no specific investment quantum is mandated by law. The country offers a relatively low cost of living in USD terms, particularly in Buenos Aires, and issues DNI (national identity document) to permanent residents. Tax residency rules changed in 2018 and individuals who become Argentine tax residents are taxed on worldwide income; prospective relocators should obtain independent legal and tax advice.
ADR et co-cotations aux États-Unis
Sociétés de ce pays dont les actions se négocient également aux États-Unis, accessibles via un compte de courtage américain ordinaire.
| Entreprise | Ticker américain | Ticker local | Note |
|---|---|---|---|
| Arcos Dorados Holdings | ARCO | ARCO | Primary listing on NYSE; world's largest McDonald's franchisee by restaurant count, headquartered in Buenos Aires. |
| BBVA Argentina S.A. | BBAR | BBAR | Level III ADR on NASDAQ; subsidiary of Spain's BBVA group. |
| Banco Macro S.A. | BMA | BMA | Level III ADR on NYSE; major domestically-owned private bank. |
| Bioceres Crop Solutions | BIOX | BIOX | Primary listing on NASDAQ; Argentine agricultural biotech company focused on drought-tolerant crop traits. |
| Central Puerto S.A. | CEPU | CEPU | Level II ADR on NYSE; largest private power generator in Argentina. |
| Cresud S.A.C.I.F. y A. | CRESY | CRES | Level III ADR on NASDAQ; major agribusiness and farmland company with exposure across South America. |
| Edenor S.A. | EDN | EDN | Level III ADR on NYSE; largest electricity distributor in Argentina serving Greater Buenos Aires. |
| Globant S.A. | GLOB | GLOB | Primary listing on NYSE; Argentine-founded global IT and digital transformation services company. |
| Grupo Financiero Galicia | GGAL | GGAL | Level III ADR on NASDAQ; one of Argentina's largest privately-owned banking groups. |
| IRSA Inversiones y Representaciones | IRS | IRSA | Level III ADR on NASDAQ; Argentina's largest real estate developer and shopping-centre operator. |
| Loma Negra | LOMA | LOMA | Level III ADR on NYSE; Argentina's leading cement producer. |
| MercadoLibre, Inc. | MELI | MELI | Primary listing on NASDAQ; Argentine-founded Latin American e-commerce and fintech leader. |
| Pampa Energía S.A. | PAM | PAMP | Level III ADR on NYSE; Argentina's largest integrated private electricity company. |
| Telecom Argentina S.A. | TEO | TECO2 | Level III ADR on NYSE; each ADS represents 5 Class B shares. Argentina's largest integrated telecoms operator. |
| Transportadora de Gas del Sur | TGS | TGSU2 | Level II ADR on NYSE; operates Argentina's southern natural gas pipeline system. |
| YPF S.A. | YPF | YPFD | Level III ADR on NYSE; each ADS represents 1 Class D share. Argentina's state-controlled oil major and primary Vaca Muerta operator. |