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Venezuelan Migrant Stock by Host Country **VENEZUELA'S…

Venezuelan Migrant Stock by Host Country

**VENEZUELA'S MIGRANT EXODUS**

From Maduro's election in 2013 to today, Venezuela has seen one of the largest displacement crises in modern history, with a massive exodus exploding from 2018 onwards, followed by a slowdown after 2023.

>\~7.8 million Venezuelans are currently displaced abroad according to UNHCR data.

Key periods:

**2013-2018 → CRISIS BUILD-UP**
Oil crash, GDP collapse, hyperinflation begins → foundations laid.

**2018-2023 → MASS EXODUS**
Hyperinflation peak, sanctions, repression, Maduro's re-election (disputed) → \~91% of the total increase in migrant stock happened here

**2023-2025 → SLOWDOWN**
Fewer new outflows, more returns, and host country regularization (formal recognition of migrants).
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