Colombians return to native country following hard times in Venezuela

Global Business

Venezuela’s faltering economy has led to a spike in the country’s biggest immigrant group, people of Colombian descent returning to their native home in search of economic stability and a future. CCTV America’s Martin Markovits filed this report from Caracas.

Colombians return to native country following hard times in Venezuela

Venezuela's faltering economy has led to a spike in the country's biggest immigrant group, people of Colombian descent returning to their native home in search of economic stability and a future. CCTV America's Martin Markovits filed this report from Caracas.


Follow Martin Markovits on Twitter @MartinMarkovits

Highlights:

  • Caracas is in midst of a severe economic downturn that has resulted in the highest inflation rate in the world and an increasing and volatile crime rate.
  • Over the last few years, 200,000 Colombians have left Venezuela, representing about 16 percent of the population, possibly impacting the country’s demographic makeup.