city Praia accounting for a quarter of its citizens. Nearly 38% of the population lives in rural areas according to the 2010 Cape Verdean census; about 20% lives below the poverty threshold, and the literacy rate is around 85%. Politically, the country is a very stable democracy, with notable economic growth and improvements of living conditions despite its lack of natural resources, and has garnered international recognition by other countries and international organizations, which often provide development aid. Since 2007, Cape Verde has been classified as a developing nation.
Tough economic times during the last decades of its colonization and the first years of Cape Verde's independence led many to migrate to Europe, the Americas and other African countries. This migration was so significant that the number of Cape Verdeans and their descendants living abroad currently exceeds the population of Cape Verde itself. Historically, the influx of remittances from these immigrant communities to their families has provided a substantial contribution to help strengthen the country's economy. Currently, the Cape Verdean economy is mostly service-oriented with a growing focus on tourism and foreign investment, which benefits from the islands' warm climate throughout the year, diverse landscape, welcoming people and cultural wealth, especially in music
