Cyprus is a developed country. Cyprus’ per capita GDP has exceeded US$32,000, exceeding the standards of developed countries. Cyprus’s economy is strong and its banking system, tourism, agriculture, manufacturing and service industries are all developed. Cyprus also has modern infrastructure and transportation facilities. As well as a highly skilled workforce, these factors indicate that Cyprus is a developed country. Developed countries, also known as developed countries and advanced countries, refer to those countries with higher levels of economic and social development and higher people's living standards. The common characteristics of developed countries are higher human development index, per capita gross national product, industrialization level and quality of life.