Military spending in Cyprus
Cyprus: Military spending was 662.13 million constant 2022 US$ in 2023. ◆ Volatile
Latest (2023)
662.13 million constant 2022 US$
Change on year
up 4.1%
World rank
98th
of 172 countries
All-time high
761.07 million constant 2022 US$
in 1997
All-time low
30.99 million constant 2022 US$
in 1963
Years of data
64
1960–2023
Military spending in Cyprus, 1960–2023
Source: Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
In 2023, military spending in Cyprus stood at 662.13 million constant 2022 US$.
That represents a change of up 4.1% on the previous year and up 33.4% over ten years.
Over the whole period, military spending in Cyprus peaked at 761.07 million constant 2022 US$ in 1997 and was at its lowest, 30.99 million constant 2022 US$, in 1963.
Cyprus ranks 98th of 172 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Cyprus, year by year
| Year | constant 2022 US$ | Change |
|---|---|---|
| 1960 | 34.93 million constant 2022 US$ | — |
| 1961 | 32.81 million constant 2022 US$ | -6.1% |
| 1962 | 32.74 million constant 2022 US$ | -0.2% |
| 1963 | 30.99 million constant 2022 US$ | -5.4% |
| 1964 | 54.26 million constant 2022 US$ | +75.1% |
| 1965 | 61.22 million constant 2022 US$ | +12.8% |
| 1966 | 57.68 million constant 2022 US$ | -5.8% |
| 1967 | 52.45 million constant 2022 US$ | -9.1% |
| 1968 | 47.94 million constant 2022 US$ | -8.6% |
| 1969 | 41.90 million constant 2022 US$ | -12.6% |
| 1970 | 45.73 million constant 2022 US$ | +9.1% |
| 1971 | 51.97 million constant 2022 US$ | +13.6% |
| 1972 | 48.84 million constant 2022 US$ | -6.0% |
| 1973 | 46.99 million constant 2022 US$ | -3.8% |
| 1974 | 74.10 million constant 2022 US$ | +57.7% |
| 1975 | 74.50 million constant 2022 US$ | +0.5% |
| 1976 | 72.74 million constant 2022 US$ | -2.4% |
| 1977 | 77.93 million constant 2022 US$ | +7.1% |
| 1978 | 74.14 million constant 2022 US$ | -4.9% |
| 1979 | 76.32 million constant 2022 US$ | +2.9% |
| 1980 | 72.66 million constant 2022 US$ | -4.8% |
| 1981 | 84.47 million constant 2022 US$ | +16.3% |
| 1982 | 123.25 million constant 2022 US$ | +45.9% |
| 1983 | 135.24 million constant 2022 US$ | +9.7% |
| 1984 | 133.77 million constant 2022 US$ | -1.1% |
| 1985 | 131.81 million constant 2022 US$ | -1.5% |
| 1986 | 199.58 million constant 2022 US$ | +51.4% |
| 1987 | 273.72 million constant 2022 US$ | +37.2% |
| 1988 | 292.63 million constant 2022 US$ | +6.9% |
| 1989 | 362.37 million constant 2022 US$ | +23.8% |
| 1990 | 474.16 million constant 2022 US$ | +30.8% |
| 1991 | 588.93 million constant 2022 US$ | +24.2% |
| 1992 | 713.30 million constant 2022 US$ | +21.1% |
| 1993 | 595.24 million constant 2022 US$ | -16.6% |
| 1994 | 637.58 million constant 2022 US$ | +7.1% |
| 1995 | 629.67 million constant 2022 US$ | -1.2% |
| 1996 | 678.51 million constant 2022 US$ | +7.8% |
| 1997 | 761.07 million constant 2022 US$ | +12.2% |
| 1998 | 689.39 million constant 2022 US$ | -9.4% |
| 1999 | 568.58 million constant 2022 US$ | -17.5% |
| 2000 | 504.29 million constant 2022 US$ | -11.3% |
| 2001 | 450.08 million constant 2022 US$ | -10.7% |
| 2002 | 391.28 million constant 2022 US$ | -13.1% |
| 2003 | 385.10 million constant 2022 US$ | -1.6% |
| 2004 | 402.83 million constant 2022 US$ | +4.6% |
| 2005 | 393.08 million constant 2022 US$ | -2.4% |
| 2006 | 403.67 million constant 2022 US$ | +2.7% |
| 2007 | 544.61 million constant 2022 US$ | +34.9% |
| 2008 | 586.51 million constant 2022 US$ | +7.7% |
| 2009 | 554.64 million constant 2022 US$ | -5.4% |
| 2010 | 547.92 million constant 2022 US$ | -1.2% |
| 2011 | 519.36 million constant 2022 US$ | -5.2% |
| 2012 | 479.73 million constant 2022 US$ | -7.6% |
| 2013 | 496.29 million constant 2022 US$ | +3.5% |
| 2014 | 461.62 million constant 2022 US$ | -7.0% |
| 2015 | 408.76 million constant 2022 US$ | -11.5% |
| 2016 | 415.31 million constant 2022 US$ | +1.6% |
| 2017 | 483.44 million constant 2022 US$ | +16.4% |
| 2018 | 511.36 million constant 2022 US$ | +5.8% |
| 2019 | 567.00 million constant 2022 US$ | +10.9% |
| 2020 | 588.70 million constant 2022 US$ | +3.8% |
| 2021 | 603.76 million constant 2022 US$ | +2.6% |
| 2022 | 635.92 million constant 2022 US$ | +5.3% |
| 2023 | 662.13 million constant 2022 US$ | +4.1% |
Cyprus compared with similar countries
- Cyprus's 662.13 million constant 2022 US$ is below the median for high income countries, which is 6.50 billion constant 2022 US$, 10% of the median. (55 countries reporting)
- Cyprus's 662.13 million constant 2022 US$ is below the median for Europe & Central Asia, which is 2.44 billion constant 2022 US$, 27% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Military spending in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1964 | +75.1% | 30.99 million constant 2022 US$ | 54.26 million constant 2022 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 44.69 million constant 2022 US$ | 30.99 million constant 2022 US$ | 61.22 million constant 2022 US$ | 10 |
| 1970s | 64.33 million constant 2022 US$ | 45.73 million constant 2022 US$ | 77.93 million constant 2022 US$ | 10 |
| 1980s | 180.95 million constant 2022 US$ | 72.66 million constant 2022 US$ | 362.37 million constant 2022 US$ | 10 |
| 1990s | 633.64 million constant 2022 US$ | 474.16 million constant 2022 US$ | 761.07 million constant 2022 US$ | 10 |
| 2000s | 461.61 million constant 2022 US$ | 385.10 million constant 2022 US$ | 586.51 million constant 2022 US$ | 10 |
| 2010s | 489.08 million constant 2022 US$ | 408.76 million constant 2022 US$ | 567.00 million constant 2022 US$ | 10 |
| 2020s | 622.63 million constant 2022 US$ | 588.70 million constant 2022 US$ | 662.13 million constant 2022 US$ | 4 |
Countries ranked near Cyprus
- 95 Cote d'Ivoire 800.77 million constant 2022 US$ compare
- 96 Burkina Faso 793.65 million constant 2022 US$ compare
- 97 Bolivia 713.62 million constant 2022 US$ compare
- 99 Luxembourg 641.81 million constant 2022 US$ compare
- 100 Democratic Republic of Congo 640.30 million constant 2022 US$ compare
- 101 Botswana 639.15 million constant 2022 US$ compare
More reference data data for Cyprus
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.043 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0752 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1565 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0045 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1565 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1441 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.1715 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3058 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7841 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0245 (2050)
Frequently asked questions
- What is military spending in Cyprus?
- Military spending in Cyprus was 662.13 million constant 2022 US$ in 2023, according to Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Cyprus?
- The highest recorded value was 761.07 million constant 2022 US$ in 1997.
- What is the lowest military spending recorded in Cyprus?
- The lowest recorded value was 30.99 million constant 2022 US$ in 1963.
- How does Cyprus rank for military spending?
- Cyprus ranks 98th out of 172 countries with data for 2023.
- Is military spending rising or falling in Cyprus?
- Over the last ten years it is up 33.4%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.