The objective of this paper is to determine the variables associated with the share of Peruvian migration out of total immigration into Chile during 2005-2014. The initial hypothesis is that Peruvian migratory flow has a social and economic component. The results showed that a greater increase in the Human Development Index (HDI) for Chile in comparison with Peru increases migratory flow. On the other hand, a higher education budget for Chile relative to Peru decreases the migratory flow of Peruvian citizens. Against expectations, a one percent increase in per capita GDP in Chile decreases the flow of Peruvian migrants by 0.61 percent.