Venezuelan migration has been one of the most important demographic phenomena in the history of Latin America in recent decades. Approximately 7 million Venezuelans have left their country. 7 million Venezuelans have left their country. Their destination? 84% have settled in Latin American countries, with Colombia leading by far, with around 2.5 million. In second place is Peru, where 1.5 million reside. Chile is in fifth place, after the United States and Ecuador.

The reasons for the diaspora are to be found in the precarious conditions faced by the Venezuelan economy, with one of the highest inflation rates in the world Venezuelan economy, with one of the highest inflation rates in the world, a minimum wage of US$15 per month and high levels of violence, in addition to political persecution, according to Latinometrics.