Military expenditure in Cyprus
Cyprus: Military expenditure was 598.19 million current USD in 2024. ▲ Rising
Latest (2024)
598.19 million current USD
Change on year
up 7.0%
World rank
99th
of 168 countries
All-time high
630.13 million current USD
in 1992
All-time low
30.74 million current USD
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 USD.
Analysis
Cyprus recorded 598.19 million current USD for military expenditure in 2024.
The figure is up 7.0% on the previous year and up 67.2% over ten years.
Over the whole period, military expenditure in Cyprus peaked at 630.13 million current USD in 1992 and was at its lowest, 30.74 million current USD, in 1985.
Cyprus ranks 99th of 168 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Military expenditure in Cyprus, year by year
| Year | current USD | Change |
|---|---|---|
| 1985 | 30.74 million current USD | — |
| 1986 | 48.73 million current USD | +58.5% |
| 1987 | 199.50 million current USD | +309.4% |
| 1988 | 243.82 million current USD | +22.2% |
| 1989 | 245.00 million current USD | +0.5% |
| 1990 | 411.41 million current USD | +67.9% |
| 1991 | 418.39 million current USD | +1.7% |
| 1992 | 630.13 million current USD | +50.6% |
| 1993 | 268.28 million current USD | -57.4% |
| 1994 | 298.47 million current USD | +11.3% |
| 1995 | 298.83 million current USD | +0.1% |
| 1996 | 448.08 million current USD | +49.9% |
| 1997 | 534.14 million current USD | +19.2% |
| 1998 | 483.75 million current USD | -9.4% |
| 1999 | 289.97 million current USD | -40.1% |
| 2000 | 281.16 million current USD | -3.0% |
| 2001 | 327.63 million current USD | +16.5% |
| 2002 | 242.48 million current USD | -26.0% |
| 2003 | 288.43 million current USD | +18.9% |
| 2004 | 338.48 million current USD | +17.4% |
| 2005 | 380.88 million current USD | +12.5% |
| 2006 | 387.70 million current USD | +1.8% |
| 2007 | 405.18 million current USD | +4.5% |
| 2008 | 453.80 million current USD | +12.0% |
| 2009 | 471.35 million current USD | +3.9% |
| 2010 | 477.59 million current USD | +1.3% |
| 2011 | 479.74 million current USD | +0.4% |
| 2012 | 414.50 million current USD | -13.6% |
| 2013 | 384.93 million current USD | -7.1% |
| 2014 | 357.81 million current USD | -7.0% |
| 2015 | 327.89 million current USD | -8.4% |
| 2016 | 295.36 million current USD | -9.9% |
| 2017 | 359.06 million current USD | +21.6% |
| 2018 | 450.41 million current USD | +25.4% |
| 2019 | 463.61 million current USD | +2.9% |
| 2020 | 483.42 million current USD | +4.3% |
| 2021 | 541.80 million current USD | +12.1% |
| 2022 | 532.51 million current USD | -1.7% |
| 2023 | 558.88 million current USD | +5.0% |
| 2024 | 598.19 million current USD | +7.0% |
Cyprus compared with similar countries
- Cyprus's 598.19 million current USD is below the median for high income countries, which is 6.62 billion current USD, 9% of the median. (54 countries reporting)
- Cyprus's 598.19 million current USD is below the median for Europe & Central Asia, which is 2.63 billion current USD, 23% 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 | +309.4% | 48.73 million current USD | 199.50 million current USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 153.56 million current USD | 30.74 million current USD | 245.00 million current USD | 5 |
| 1990s | 408.14 million current USD | 268.28 million current USD | 630.13 million current USD | 10 |
| 2000s | 357.71 million current USD | 242.48 million current USD | 471.35 million current USD | 10 |
| 2010s | 401.09 million current USD | 295.36 million current USD | 479.74 million current USD | 10 |
| 2020s | 542.96 million current USD | 483.42 million current USD | 598.19 million current USD | 5 |
Countries ranked near Cyprus
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 598.19 million current USD 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 630.13 million current USD in 1992.
- What is the lowest military expenditure recorded in Cyprus?
- The lowest recorded value was 30.74 million current USD in 1985.
- How does Cyprus rank for military expenditure?
- Cyprus ranks 99th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Cyprus?
- Over the last ten years it is up 67.2%. 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 USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)