Military expenditure in Cyprus
Cyprus: Military expenditure was 553.00 million current LCU in 2024. ▲ Rising
Latest (2024)
553.00 million current LCU
Change on year
up 6.9%
World rank
150th
of 168 countries
All-time high
553.00 million current LCU
in 2024
All-time low
32.17 million current LCU
in 1985
Years of data
40
1985–2024
Military expenditure in Cyprus, 1985–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
Cyprus recorded 553.00 million current LCU for military expenditure in 2024. That is the highest value across all 40 years on record.
The figure is up 6.9% on the previous year and up 105.0% over ten years.
Over the whole period, military expenditure in Cyprus peaked at 553.00 million current LCU in 2024 and was at its lowest, 32.17 million current LCU, in 1985.
Cyprus ranks 150th of 168 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 40 years of available data.
Military expenditure in Cyprus, year by year
| Year | current LCU | Change |
|---|---|---|
| 1985 | 32.17 million current LCU | — |
| 1986 | 43.14 million current LCU | +34.1% |
| 1987 | 163.99 million current LCU | +280.1% |
| 1988 | 194.39 million current LCU | +18.5% |
| 1989 | 207.05 million current LCU | +6.5% |
| 1990 | 322.00 million current LCU | +55.5% |
| 1991 | 332.00 million current LCU | +3.1% |
| 1992 | 484.00 million current LCU | +45.8% |
| 1993 | 228.00 million current LCU | -52.9% |
| 1994 | 251.00 million current LCU | +10.1% |
| 1995 | 231.00 million current LCU | -8.0% |
| 1996 | 357.00 million current LCU | +54.5% |
| 1997 | 469.00 million current LCU | +31.4% |
| 1998 | 428.00 million current LCU | -8.7% |
| 1999 | 269.00 million current LCU | -37.1% |
| 2000 | 299.00 million current LCU | +11.2% |
| 2001 | 360.00 million current LCU | +20.4% |
| 2002 | 253.00 million current LCU | -29.7% |
| 2003 | 255.00 million current LCU | +0.8% |
| 2004 | 271.00 million current LCU | +6.3% |
| 2005 | 302.00 million current LCU | +11.4% |
| 2006 | 304.00 million current LCU | +0.7% |
| 2007 | 295.00 million current LCU | -3.0% |
| 2008 | 309.80 million current LCU | +5.0% |
| 2009 | 339.30 million current LCU | +9.5% |
| 2010 | 360.60 million current LCU | +6.3% |
| 2011 | 345.10 million current LCU | -4.3% |
| 2012 | 322.60 million current LCU | -6.5% |
| 2013 | 289.91 million current LCU | -10.1% |
| 2014 | 269.69 million current LCU | -7.0% |
| 2015 | 295.66 million current LCU | +9.6% |
| 2016 | 267.06 million current LCU | -9.7% |
| 2017 | 318.52 million current LCU | +19.3% |
| 2018 | 381.60 million current LCU | +19.8% |
| 2019 | 414.10 million current LCU | +8.5% |
| 2020 | 424.10 million current LCU | +2.4% |
| 2021 | 458.15 million current LCU | +8.0% |
| 2022 | 506.30 million current LCU | +10.5% |
| 2023 | 517.30 million current LCU | +2.2% |
| 2024 | 553.00 million current LCU | +6.9% |
Cyprus compared with similar countries
- Cyprus's 553.00 million current LCU is below the median for high income countries, which is 14.02 billion current LCU, 4% of the median. (54 countries reporting)
- Cyprus's 553.00 million current LCU is below the median for Europe & Central Asia, which is 7.91 billion current LCU, 7% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Military expenditure in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +280.1% | 43.14 million current LCU | 163.99 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 128.15 million current LCU | 32.17 million current LCU | 207.05 million current LCU | 5 |
| 1990s | 337.10 million current LCU | 228.00 million current LCU | 484.00 million current LCU | 10 |
| 2000s | 298.81 million current LCU | 253.00 million current LCU | 360.00 million current LCU | 10 |
| 2010s | 326.48 million current LCU | 267.06 million current LCU | 414.10 million current LCU | 10 |
| 2020s | 491.77 million current LCU | 424.10 million current LCU | 553.00 million current LCU | 5 |
Countries ranked near Cyprus
- 147 Luxembourg 805.80 million current LCU compare
- 148 Brunei 748.53 million current LCU compare
- 149 Lesotho 665.20 million current LCU compare
- 151 Bahrain 520.37 million current LCU compare
- 152 El Salvador 425.20 million current LCU compare
- 153 Bosnia and Herzegovina 390.50 million current LCU compare
More public sector data for Cyprus
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure in Cyprus?
- Military expenditure in Cyprus was 553.00 million current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Cyprus?
- The highest recorded value was 553.00 million current LCU in 2024.
- What is the lowest military expenditure recorded in Cyprus?
- The lowest recorded value was 32.17 million current LCU in 1985.
- How does Cyprus rank for military expenditure?
- Cyprus ranks 150th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Cyprus?
- Over the last ten years it is up 105.0%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure in local currency at current prices (by calendar year)