Argentina — Market Overview
🇦🇷 Argentina
Argentina is not a normal cycle market: investors read it first through stabilization policy, currency management, and the credibility of the macro reset before they even get to bottom-up earnings. The market is best understood through inflation stabilization, reserve dynamics, and whether reform momentum is strong enough to keep capital controls, financing conditions, and local risk premia moving in the right direction.
Mapa regional
Factos-chave
Argentina num relance
Capital
Currency
Primary exchange
Central bank
Region
Time zone
Fonte: INDEC,
Country dashboard
Porque este mercado importa
This version combines a stylized country map with a switchable macro explorer built from official published history, using OECD primary datasets where available and World Bank annual series where coverage is otherwise incomplete.
Explorador macro
Troca de variável sem perder o contexto do país
These country charts now use official OECD quarterly and monthly history where the feed is actually published, with government debt added from the World Bank when a stable public series exists. Variables without dependable republishable coverage are left out instead of being interpolated, so each page shows fewer lines only when the source coverage is genuinely thinner.
Real GDP growth
Quarterly real GDP growth from OECD Quarterly National Accounts.
Variáveis disponíveis
Comércio e posição externa
Exportações, serviços e balança externa
Em vez de um muro genérico de cartões macro, esta secção foca-se em como o país capta procura do exterior, onde está a sua vantagem comercial e como evolui a balança externa.
The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Argentina is capturing across both physical products and higher-value intangible flows.
This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.
This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Argentina is strongest in higher-margin, knowledge-intensive, and branded service activities.
Parceiros comerciais
Com quem o país comercia
Lente das commodities
Exposição a matérias-primas
Goods made up 82.3% of total exports in 2024, leaving services at 17.7%.
Goods made up 72.9% of total imports in 2024, leaving services at 27.1%.
This was the biggest WTO merchandise export group for Argentina in 2024.
This was the biggest WTO merchandise import group for Argentina in 2024.
Goods exports minus goods imports in 2024. A surplus here shows whether merchandise trade supports or drags on the overall external balance.
Fonte: WTO bulk download page,
O que observar
Chave de leitura
inflation stabilization
Argentina should first be read through inflation stabilization. When this regime shifts, local multiples and sector leadership usually shift with it.
currency regime
The market is best understood through inflation stabilization, reserve dynamics, and whether reform momentum is strong enough to keep capital controls, financing conditions, and local risk premia moving in the right direction. That makes currency regime one of the most important signals for revising the country narrative.
reform credibility
The final layer is reform credibility, because it determines whether the macro backdrop turns into sustainable earnings support for the S&P Merval.
Outros países
Continua por Americas
Cada cartão abre o mesmo modelo de país com o seu próprio mapa, variáveis macro alternáveis e vista de referência. É a primeira rede ligada de páginas de país da região.
Americas
🇧🇷 Brazil
A large cyclical market driven by commodities, domestic rates, fiscal credibility, and the direction of local risk appetite.
Americas
🇨🇦 Canada
A resource-heavy developed market where banks, energy, mining, and housing sensitivity shape the equity narrative.
Americas
🇨🇱 Chile
A small open market where copper, domestic rates, and pension-system liquidity shape valuation cycles.
Americas
🇨🇴 Colombia
A resource-and-financials market where oil, rates, politics, and domestic demand all feed into sentiment.
Americas
🇲🇽 Mexico
A near-shoring beneficiary whose equity story runs through manufacturing integration, domestic rates, and peso credibility.
Americas
🇺🇸 United States
The deepest public market in the world, with unmatched liquidity and disclosure density.
Real GDP growth
O que isto sinaliza
GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is lower by 61.2%, which points to a softer or less supportive backdrop on this measure. Across the displayed window, the broader trend is still downward.