Military expenditure in Cyprus
Cyprus: Military expenditure was 598.19 million current USD in 2024. ▲ Rising
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 167 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.
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
- 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 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 167 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.
Download this data
CSV · JSON — 40 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)