Argentina Frontier
Latin America · Buenos Aires · ARS (Argentine Peso)
Gambaran umum ekonomi & industri
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.
Sektor utama
📘 Pelajari semua tentang Argentina →Makro
| GDP nominal, USD | $638.00B |
| Pertumbuhan GDP riil, tahunan | 4.4% |
| Inflasi tahunan | 33.5% |
| Populasi orang | 46.0M |
| GDP per kapita USD | $13,422 |
| Kapitalisasi pasar total tercatat, USD | $55.00B |
| Kapitalisasi pasar / GDP | 8.6% |
| Pengangguran | 6.3% |
| Perusahaan terdaftar | 78 |
| Bursa | Bolsas y Mercados Argentinos (BYMA) |
Tahun data: 2025. Sumber: 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.
Berita terbaru
Pasar Latin America lainnya
Perusahaan terbesar yang terdaftar
Perusahaan-perusahaan terbesar di bursa lokal utama, berdasarkan kapitalisasi pasar.
| # | Perusahaan | Sektor | Kapitalisasi pasarUSD | Pencatatan di AS |
|---|---|---|---|---|
| 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 | — |
ETF yang Diperdagangkan di AS
Dana yang terdaftar di AS yang memberikan eksposur ke pasar ini — jalur paling sederhana bagi banyak investor AS.
| Kode saham | ETF | Penerbit | Cakupan | Rasio biaya% tahunan | Eksposur% dana |
|---|---|---|---|---|---|
| ARGT | Global X - MSCI Argentina ETF | Global X (Mirae Asset) | Satu negara | 0.59% | 100% |
| ILF | iShares Latin America 40 ETF | BlackRock / iShares | Regional | 0.48% | 5% |
| EWZ | iShares MSCI Brazil ETF | BlackRock / iShares | Regional Reference only | 0.59% | 0% |
| EEM | iShares MSCI Emerging Markets ETF | BlackRock / iShares | EM luas | 0.68% | 1% |
Bursa lokal & akses
| Bursa | Bolsas y Mercados Argentinos |
| Kode | BYMA |
| Situs web | www.byma.com.ar |
| Mata uang | ARS |
Akses broker lokal
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.
Broker global dengan akses pasar asing
- 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.
Dicantumkan hanya untuk kemudahan — bukan rekomendasi. Pasar yang tersedia, biaya, dan aturan pendaftaran berbeda berdasarkan broker dan negara tempat tinggal Anda.
Relokasi & residensi
Visa investasi / program residensi
Hibah 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).
Butuh bantuan pengajuan? Penasihat migrasi investasi spesialis seperti Henley & Partners.
Akses investor asing
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.
ADR & pencatatan silang di AS
Perusahaan dari negara ini yang sahamnya juga diperdagangkan di AS — dapat diinvestasikan melalui akun pialang AS biasa.
| Perusahaan | Kode saham AS | Kode saham lokal | Catatan |
|---|---|---|---|
| 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. |