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

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.