Tổng quan kinh tế & ngành
Argentina is the second-largest economy in South America, with major industries including agriculture and agribusiness, energy (oil and natural gas), mining, manufacturing, and financial services. The country is one of the world's leading exporters of soybeans, corn, wheat, and beef, and holds the Vaca Muerta shale formation, one of the largest unconventional hydrocarbon reserves globally. Argentina's economy has historically been characterized by recurring cycles of high inflation, currency instability, and sovereign debt restructuring, though a significant fiscal adjustment program was launched under President Javier Milei from late 2023. Annual inflation, which peaked above 211 percent at end-2023, declined sharply to roughly 47 percent by April 2025, reflecting the impact of monetary and fiscal tightening. GDP growth rebounded to an estimated 5.2 percent in 2025 after a contraction in 2024, driven by private consumption, energy exports, and financial sector activity.
Các ngành trọng điểm
Tìm hiểu mọi thứ về Argentina →Vĩ mô
| GDP danh nghĩa, USD | $638.37B |
| Tăng trưởng GDP thực, hàng năm | -1.3% |
| Lạm phát hàng năm | 47.0% |
| Dân số người | 46.7M |
| GDP bình quân đầu người USD | $13,539 |
| Vốn hóa thị trường tổng niêm yết, USD | $90.00B |
| Vốn hóa thị trường / GDP | 14.1% |
| Thất nghiệp | 7.5% |
| Công ty niêm yết | 100 |
| Sàn giao dịch | Bolsas y Mercados Argentinos (BYMA) (BYMA) |
Năm dữ liệu: 2024. Nguồn: IMF World Economic Outlook 2024, World Bank World Development Indicators 2024, OECD Economic Outlook Volume 2025 Issue 1, MSCI Market Classification Review 2025, Buenos Aires Herald, Buenos Aires Times, INDEC (Instituto Nacional de Estadistica y Censos), Argentine Ministry of Foreign Affairs Economic Outlook July 2025, companiesmarketcap.com, CEOWORLD Magazine, disfold.com, stockanalysis.com. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.
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Các thị trường Latin America khác
Các công ty niêm yết lớn nhất
Các công ty lớn nhất trên sàn giao dịch địa phương chính, theo vốn hóa thị trường.
| # | Công ty | Ngành | Vốn hóa thị trườngUSD | Niêm yết tại Mỹ |
|---|---|---|---|---|
| 1 | MercadoLibre Inc.MELI · NASDAQ (primary); BYMA (Cedear) | Consumer Discretionary · Internet Retail | $84.82B | MELI |
| 2 | YPF Sociedad AnonimaYPFD · BYMA | Energy · Oil and Gas Integrated | $19.34B | YPF |
| 3 | Grupo Financiero Galicia S.A.GGAL · BYMA | Financials · Banks, Regional | $5.73B | GGAL |
| 4 | Telecom Argentina S.A.TECO2 · BYMA | Communication Services · Telecommunications | $4.77B | TEO |
| 5 | Pampa Energia S.A.PAMP · BYMA | Energy · Electric Utilities and Generation | $4.05B | PAM |
| 6 | Banco Macro S.A.BMA · BYMA | Financials · Banks, Regional | $3.84B | BMA |
| 7 | Transportadora de Gas del Sur S.A.TGSU2 · BYMA | Energy · Gas Transmission | $3.20B | TGS |
| 8 | Vista Energy S.A.B. de C.V.VIST · BYMA | Energy · Oil and Gas Exploration and Production | $3.10B | VIST |
| 9 | Banco BBVA Argentina S.A.BBAR · BYMA | Financials · Banks, Regional | $2.41B | BBAR |
| 10 | Ternium Argentina S.A.TXAR · BYMA | Materials · Steel | $2.13B | — |
| 11 | Central Puerto S.A.CEPU · BYMA | Utilities · Electric Power Generation | $1.80B | CEPU |
| 12 | Aluar Aluminio Argentino S.A.I.C.ALUA · BYMA | Materials · Aluminum | $1.60B | — |
| 13 | Bolsas y Mercados Argentinos S.A. (BYMA)BYMA · BYMA | Financials · Capital Markets | $1.50B | — |
| 14 | Grupo Supervielle S.A.SUPV · BYMA | Financials · Banks, Regional | $1.20B | SUPV |
| 15 | Celulosa Argentina S.A.CELU · BYMA | Materials · Paper and Packaging | $1.13B | — |
| 16 | Metrogas S.A.METR · BYMA | Utilities · Regulated Gas Distribution | $994.00M | — |
| 17 | Transportadora de Gas del Norte S.A.TGNO4 · BYMA | Energy · Gas Transmission | $950.00M | — |
| 18 | Banco Patagonia S.A.BPAT · BYMA | Financials · Banks, Regional | $870.00M | — |
| 19 | Empresa Distribuidora y Comercializadora Norte S.A. (Edenor)EDN · BYMA | Utilities · Electric Distribution | $810.00M | EDN |
| 20 | Transener S.A.TRAN · BYMA | Utilities · Electric Transmission | $800.00M | — |
| 21 | Loma Negra Compania Industrial Argentina S.A.LOMA · BYMA | Materials · Building Materials | $750.00M | LOMA |
| 22 | Irsa Inversiones y Representaciones S.A.IRSA · BYMA | Real Estate · Diversified | $740.00M | IRS |
| 23 | Holcim Argentina S.A.HARG · BYMA | Materials · Building Materials | $660.00M | — |
| 24 | Comercial del Plata S.A.COME · BYMA | Energy · Diversified | $650.00M | — |
| 25 | Pampa Holding S.A. (Albanesi)RIGI · BYMA | Energy · Power Generation | $580.00M | — |
ETF giao dịch tại Mỹ
Các quỹ niêm yết tại Mỹ cung cấp tiếp cận thị trường này, lộ trình đơn giản nhất cho nhiều nhà đầu tư Mỹ.
| ETF | Phạm vi | Tỷ lệ chi phí% hàng năm | Mức độ tiếp cận% quỹ |
|---|---|---|---|
| ARGTGlobal X - MSCI Argentina ETF · Global X (Mirae Asset) | Đơn quốc gia | 0.59% | 100% |
Sàn giao dịch địa phương & tiếp cận
| Sàn giao dịch | Bolsas y Mercados Argentinos (BYMA) |
| Mã | BYMA |
| Trang web | www.byma.com.ar |
| Tiền tệ | ARS |
Tiếp cận qua môi giới địa phương
Foreign retail investors typically access Argentine equities through US-listed ADRs on NYSE or NASDAQ, or via the Global X MSCI Argentina ETF (ARGT). Direct investment on the BYMA exchange through local Argentine brokers (known as Agentes de Liquidacion y Compensacion, or ALyCs) is possible but subject to Argentina's capital control framework and foreign exchange regulations, which have been progressively eased since April 2025. Cedears (Certificados de Deposito Argentinos) allow Argentine residents to invest in foreign shares locally. International brokers offering access to Latin American markets may provide limited direct BYMA access.
Môi giới toàn cầu có tiếp cận thị trường nước ngoài
- 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.
Được liệt kê chỉ để tiện tham khảo, không phải khuyến nghị. Các thị trường có sẵn, phí giao dịch và quy định đăng ký khác nhau theo từng môi giới và quốc gia cư trú của bạn.
Di cư & cư trú
Visa đầu tư / chương trình cư trú
Trợ cấp No formal investment-migration programme
Argentina does not operate a formal golden visa or residency-by-investment programme in the traditional sense. Foreign nationals can apply for permanent or temporary residency through standard immigration channels under Law 25.871. There is no minimum investment threshold tied to a direct residency grant, though investors who establish businesses or make significant economic contributions may apply for investor residency categories administered by the Directorate of Migrations. The process is administrative rather than an explicit investment-migration scheme.
Cần hỗ trợ nộp đơn? Các chuyên gia tư vấn di trú đầu tư như Henley & Partners.
Tiếp cận của nhà đầu tư nước ngoài
Argentina permits foreign nationals to establish residency through standard legal immigration categories including rentier, investor, and employee visas administered by Migraciones Argentina. Buenos Aires is a major regional city with a well-developed services sector, though prospective residents should account for currency controls, high inflation history, and ongoing economic reforms when planning finances. No minimum stay requirement applies to temporary residency holders in most categories.
ADR & niêm yết chéo tại Mỹ
Các công ty từ quốc gia này có cổ phiếu cũng giao dịch tại Mỹ, có thể đầu tư qua tài khoản môi giới Mỹ thông thường.
| Công ty | Mã cổ phiếu Mỹ | Mã cổ phiếu địa phương | Ghi chú |
|---|---|---|---|
| Banco BBVA Argentina S.A. | BBAR | BBAR | NYSE-listed ADR for the Argentine subsidiary of Spain's BBVA. Each ADR represents three Class B ordinary shares. BBAR is one of the more liquid Argentine financial ADRs. |
| Banco Macro S.A. | BMA | BMA | NYSE-listed ADR for Argentina's largest private bank focused on interior provinces. Each ADR represents five Class B shares. Banco Macro is regarded as a bellwether for Argentine retail banking activity. |
| Central Puerto S.A. | CEPU | CEPU | NYSE-listed ADR for Argentina's largest private power generator. Each ADR represents ten Class B ordinary shares. CEPU revenues are sensitive to Argentine electricity tariff policy and natural gas supply contracts. |
| Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) | EDN | EDN | NYSE-listed ADR for Greater Buenos Aires North's electricity distribution concessionaire. Each ADR represents twenty ordinary shares. EDN profitability is closely tied to Argentine energy tariff normalization. |
| Grupo Financiero Galicia S.A. | GGAL | GGAL | NASDAQ-listed ADR for one of Argentina's largest private banking groups. Each ADR represents ten Class B shares. Galicia is one of the most actively traded Argentine ADRs and a key proxy for the domestic financial sector. |
| Grupo Supervielle S.A. | SUPV | SUPV | NYSE-listed ADR for Argentina's mid-sized diversified financial group, with retail banking and consumer finance operations. Each ADR represents five Class B ordinary shares. |
| Irsa Inversiones y Representaciones S.A. | IRS | IRSA | NYSE-listed ADR for Argentina's largest listed real estate company. Each ADR represents ten ordinary shares. IRSA's portfolio includes premium Buenos Aires shopping centers and office assets. |
| Loma Negra Compania Industrial Argentina S.A. | LOMA | LOMA | NYSE-listed ADR for Argentina's leading cement manufacturer. Each ADR represents five ordinary shares. LOMA is a proxy for domestic construction and infrastructure investment cycles. |
| MercadoLibre Inc. | MELI | MELI | NASDAQ-listed stock of the dominant Latin American e-commerce and fintech company, founded in Argentina and still classified as an Argentine company by many index providers. MELI is the largest weight in the ARGT ETF and has the highest market capitalization of any Argentina-linked public company. |
| Pampa Energia S.A. | PAM | PAMP | NYSE-listed ADR for Argentina's largest privately owned integrated electricity company. Each ADR represents twenty-five ordinary shares. Pampa's revenues are linked to Argentine energy tariffs and upstream gas and oil production. |
| Telecom Argentina S.A. | TEO | TECO2 | NYSE-listed ADR for Argentina's dominant telecommunications operator. Each ADR represents five Class B shares. TEO is a significant weight in Argentina-focused portfolios given the company's market position across mobile, broadband, and pay-TV. |
| Transportadora de Gas del Sur S.A. | TGS | TGSU2 | NYSE-listed ADR for Argentina's largest gas pipeline and natural gas liquids processing company. Each ADR represents five Class B ordinary shares. TGS revenues are partially dollarized via export-linked contracts. |
| Vista Energy S.A.B. de C.V. | VIST | VIST | NYSE-listed ADR for the Vaca Muerta-focused independent oil producer. Incorporated in Mexico with principal operations in Argentina. VIST is one of the fastest-growing shale oil producers in Argentina and a significant weight in Argentine equity indices. |
| YPF Sociedad Anonima | YPF | YPFD | NYSE-listed Level III ADR for Argentina's state-majority-owned integrated oil and gas company. Each ADR represents one ordinary share. YPF is among the most liquid Argentine ADRs and is a benchmark for the country's energy sector. |