Narayan AmmachchiArgentines are increasingly traveling to neighboring countries and extending their stays, as the rising value of the peso makes certain foreign destinations more affordable.
In 2024, Argentine tourists accounted for over 50% of all visitors to Uruguay. Between December 20, 2024, and January 20, 2025, approximately 440,000 Argentines visited the country, significantly surpassing the 237,643 who traveled there during the same period the previous year, according to data from Uruguay’s National Directorate of Migration, as reported by Bloomberg.
A notable number of Argentines also visited Chile and Brazil.
The strengthening of the Argentine peso is largely attributed to President Javier Milei’s economic “shock therapy.” The currency has appreciated nearly 40% over the past year, according to GMA Capital, which monitors global central banks.
Uruguay’s tax incentives, including VAT exemptions on hotels, car rentals, and dining, have further enhanced its appeal, making vacations more cost-effective for Argentine visitors.
Some Argentines are choosing to stay abroad longer, as the cost of living in several neighboring countries remains lower than in certain parts of Argentina.
Despite improvements in the economy and currency valuation, inflation has yet to stabilize nationwide, and living expenses in major Argentine cities remain high, local media reports indicate.
Many people traveling abroad are from Argentina’s Atlantic coast, where living costs are rising continuously.
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