Military spending gmsd in Cyprus

Cyprus: Military spending gmsd was 662.13 million in 2023. ◆ Volatile

Latest (2023)
662.13 million
Change on year
up 4.1%
World rank
98th
of 172 countries
All-time high
761.07 million
in 1997
All-time low
30.99 million
in 1963
Years of data
64
1960–2023

Military spending gmsd in Cyprus, 1960–2023

0200.0M400.0M600.0M800.0M196019912023

Source: Our World in Data.

Analysis

In 2023, military spending gmsd in Cyprus stood at 662.13 million.

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 gmsd in Cyprus peaked at 761.07 million in 1997 and was at its lowest, 30.99 million, 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 gmsd in Cyprus, year by year

Annual values for Military spending gmsd in Cyprus, 1960 to 2023.
Year Value Change
1960 34.93 million —
1961 32.81 million -6.1%
1962 32.74 million -0.2%
1963 30.99 million -5.4%
1964 54.26 million +75.1%
1965 61.22 million +12.8%
1966 57.68 million -5.8%
1967 52.45 million -9.1%
1968 47.94 million -8.6%
1969 41.90 million -12.6%
1970 45.73 million +9.1%
1971 51.97 million +13.6%
1972 48.84 million -6.0%
1973 46.99 million -3.8%
1974 74.10 million +57.7%
1975 74.50 million +0.5%
1976 72.74 million -2.4%
1977 77.93 million +7.1%
1978 74.14 million -4.9%
1979 76.32 million +2.9%
1980 72.66 million -4.8%
1981 84.47 million +16.3%
1982 123.25 million +45.9%
1983 135.24 million +9.7%
1984 133.77 million -1.1%
1985 131.81 million -1.5%
1986 199.58 million +51.4%
1987 273.72 million +37.2%
1988 292.63 million +6.9%
1989 362.37 million +23.8%
1990 474.16 million +30.8%
1991 588.93 million +24.2%
1992 713.30 million +21.1%
1993 595.24 million -16.6%
1994 637.58 million +7.1%
1995 629.67 million -1.2%
1996 678.51 million +7.8%
1997 761.07 million +12.2%
1998 689.39 million -9.4%
1999 568.58 million -17.5%
2000 504.29 million -11.3%
2001 450.08 million -10.7%
2002 391.28 million -13.1%
2003 385.10 million -1.6%
2004 402.83 million +4.6%
2005 393.08 million -2.4%
2006 403.67 million +2.7%
2007 544.61 million +34.9%
2008 586.51 million +7.7%
2009 554.64 million -5.4%
2010 547.92 million -1.2%
2011 519.36 million -5.2%
2012 479.73 million -7.6%
2013 496.29 million +3.5%
2014 461.62 million -7.0%
2015 408.76 million -11.5%
2016 415.31 million +1.6%
2017 483.44 million +16.4%
2018 511.36 million +5.8%
2019 567.00 million +10.9%
2020 588.70 million +3.8%
2021 603.76 million +2.6%
2022 635.92 million +5.3%
2023 662.13 million +4.1%

Cyprus compared with similar countries

  • Cyprus's 662.13 million is below the median for high income countries, which is 6.50 billion, 10% of the median. (55 countries reporting)
  • Cyprus's 662.13 million is below the median for Europe & Central Asia, which is 2.44 billion, 27% of the median. (48 countries reporting)

Biggest year-on-year movements

Years where Military spending gmsd 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.

YearChange FromTo
1964 +75.1% 30.99 million 54.26 million

Averages by decade

DecadeAverage LowestHighest Years
1960s 44.69 million 30.99 million 61.22 million 10
1970s 64.33 million 45.73 million 77.93 million 10
1980s 180.95 million 72.66 million 362.37 million 10
1990s 633.64 million 474.16 million 761.07 million 10
2000s 461.61 million 385.10 million 586.51 million 10
2010s 489.08 million 408.76 million 567.00 million 10
2020s 622.63 million 588.70 million 662.13 million 4

Countries ranked near Cyprus

  1. 95 Cote d'Ivoire 800.77 million compare
  2. 96 Burkina Faso 793.65 million compare
  3. 97 Bolivia 713.62 million compare
  4. 99 Luxembourg 641.81 million compare
  5. 100 Democratic Republic of Congo 640.30 million compare
  6. 101 Botswana 639.15 million compare

See the full ranking of 172 places →

More reference data data for Cyprus

All data for Cyprus →

Frequently asked questions

What is military spending gmsd in Cyprus?
Military spending gmsd in Cyprus was 662.13 million in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Cyprus?
The highest recorded value was 761.07 million in 1997.
What is the lowest military spending gmsd recorded in Cyprus?
The lowest recorded value was 30.99 million in 1963.
How does Cyprus rank for military spending gmsd?
Cyprus ranks 98th out of 172 countries with data for 2023.
Is military spending gmsd 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 Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Cyprus. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/cyprus/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed