Military expenditure in Cyprus
Cyprus: Military expenditure was 553.00 million current LCU in 2024. ▲ Rising
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 167 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 40 years of available data.
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
- Arms imports 115.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.9% (2024)
- Taxes on income, profits and capital gains 26.1% (2024)
- Taxes on goods and services 29.1% (2024)
- Net investment in nonfinancial assets 2.4% (2024)
- Net lending (+) / net borrowing (-) 4.2% (2024)
- Interest payments 2.8% (2024)
- Grants and other revenue 9.8% (2024)
- Interest payments 3.1% (2023)
- Other taxes 3.3% (2024)
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 167 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.
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About this data
Military expenditure in local currency at current prices (by calendar year)