Many Jewish Venezuelans choose Israel as an alternative to settle due to political and economic instability that has rocked Venezuela in recent decades.
[2] The Algemeiner Journal stated that this emigration from Venezuela occurred due to "the country’s economic crisis ... as well as the anti-Semitic rhetoric that has marked the left-wing regime’s support for Iran, Syria, and Palestinian Islamist organizations like Hamas" and that "first Chavez and now Maduro have found political uses for anti-Jewish rhetoric".
[3] By 2007, amid concerns of rising allegations of antisemitism,[4][5][6][7][8] emigration saw Venezuela's 20,000 Jewish population drop by 20%[9] to 45%.
[1] By November 2010, more than 50% of Jewish Venezuelans had left the country since Chavez came to power, with some of those remaining behind complaining of "official antisemitism".
This time emigrating Venezuelan Jews primarily went to Israel, as the devaluation of their property and other assets effectively closed off the options such as the United States or Panama.