经济与产业概览
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.
主要行业
全面了解Argentina →宏观
| GDP 名义, 美元 | $638.37B |
| GDP增速 实际, 年度 | -1.3% |
| 通胀率 年度 | 47.0% |
| 人口 人口 | 46.7M |
| 人均GDP 美元 | $13,539 |
| 市值 上市总额, 美元 | $90.00B |
| 市值/GDP | 14.1% |
| 失业率 | 7.5% |
| 上市公司数量 | 100 |
| 交易所 | Bolsas y Mercados Argentinos (BYMA) (BYMA) |
数据年份: 2024. 数据来源: 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.
最新消息
Links open the publisher's website in a new tab.
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 | 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 | — |
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。
| ETF | 覆盖范围 | 费率年化% | 投资敞口占基金% |
|---|---|---|---|
| ARGTGlobal X - MSCI Argentina ETF · Global X (Mirae Asset) | 单一国家 | 0.59% | 100% |
本地交易所与准入
| 交易所 | Bolsas y Mercados Argentinos (BYMA) |
| 代码 | BYMA |
| 网站 | www.byma.com.ar |
| 货币 | ARS |
本地券商准入
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.
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
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.
需要申请协助?专业投资移民顾问(如 Henley & Partners.
外资准入
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.
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 | 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. |