Tổng quan kinh tế & ngành
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.
Các ngành trọng điểm
Tìm hiểu mọi thứ về Argentina →Vĩ mô
| GDP danh nghĩa, USD | $633.27B |
| Tăng trưởng GDP thực, hàng năm | 4.4% |
| Lạm phát hàng năm | 117.8% |
| Dân số người | 46.0M |
| GDP bình quân đầu người USD | $13,422 |
| Vốn hóa thị trường tổng niêm yết, USD | $113.00B |
| Vốn hóa thị trường / GDP | 18.0% |
| Thất nghiệp | 6.3% |
| Công ty niêm yết | 99 |
| Sàn giao dịch | Bolsas y Mercados Argentinos (BYMA) |
Năm dữ liệu: 2024. Nguồn: 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).
Tin mới nhất
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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 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 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 | Đơn quốc gia | 0.59% | 100% |
| ILFiShares Latin America 40 ETF · iShares (BlackRock) | Khu vực | 0.48% | 4% |
| GMLSPDR S&P Emerging Latin America ETF · State Street (SPDR) | Khu vực Delisted | 0.49% | 3% |
| FMiShares MSCI Frontier and Select EM ETF · iShares (BlackRock) | EM diện rộng | 0.79% | 5% |
Sàn giao dịch địa phương & tiếp cận
| Sàn giao dịch | Bolsas y Mercados Argentinos |
| Mã | BYMA |
| Trang web | www.byma.com.ar |
| Tiền tệ | ARS |
Tiếp cận qua môi giới địa phương
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.
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 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.
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 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 & 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 |
|---|---|---|---|
| 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. |