Military spending per armed forces personnel in Cyprus

Cyprus: Military spending per armed forces personnel was 41,305 constant 2024 US$ in 2020. ▼ Falling

Latest (2020)
41,305 constant 2024 US$
Change on year
up 26.9%
World rank
57th
of 160 countries
All-time high
104,721 constant 2024 US$
in 1992
All-time low
9,087 constant 2024 US$
in 1985
Years of data
31
1985–2020

Military spending per armed forces personnel in Cyprus, 1985–2020

020.0k40.0k60.0k80.0k100.0k1985200220201985: 9.1k constant 2024 US$1989: 37.4k constant 2024 US$1990: 77.9k constant 2024 US$1991: 76.5k constant 2024 US$1992: 104.7k constant 2024 US$1995: 31.7k constant 2024 US$1996: 47.6k constant 2024 US$1997: 80.4k constant 2024 US$1998: 71.0k constant 2024 US$1999: 43.4k constant 2024 US$2000: 46.1k constant 2024 US$2001: 54.4k constant 2024 US$2002: 39.8k constant 2024 US$2003: 38.5k constant 2024 US$2004: 36.7k constant 2024 US$2005: 40.8k constant 2024 US$2006: 40.2k constant 2024 US$2007: 38.1k constant 2024 US$2008: 38.2k constant 2024 US$2009: 41.7k constant 2024 US$2010: 36.5k constant 2024 US$2011: 33.8k constant 2024 US$2012: 30.9k constant 2024 US$2013: 27.8k constant 2024 US$2014: 26.3k constant 2024 US$2015: 29.4k constant 2024 US$2016: 21.8k constant 2024 US$2017: 25.5k constant 2024 US$2018: 30.1k constant 2024 US$2019: 32.6k constant 2024 US$2020: 41.3k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

Cyprus recorded 41,305 constant 2024 US$ for military spending per armed forces personnel in 2020.

Compared with earlier readings it is up 26.9% on the previous year and up 13.2% over ten years.

Over the whole period, military spending per armed forces personnel in Cyprus peaked at 104,721 constant 2024 US$ in 1992 and was at its lowest, 9,087 constant 2024 US$, in 1985.

Cyprus ranks 57th of 160 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 31 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 23,248 constant 2024 US$ 9,087 constant 2024 US$ 37,410 constant 2024 US$ 2
1990s 66,645 constant 2024 US$ 31,691 constant 2024 US$ 104,721 constant 2024 US$ 8
2000s 41,432 constant 2024 US$ 36,708 constant 2024 US$ 54,387 constant 2024 US$ 10
2010s 29,453 constant 2024 US$ 21,808 constant 2024 US$ 36,474 constant 2024 US$ 10
2020s 41,305 constant 2024 US$ 41,305 constant 2024 US$ 41,305 constant 2024 US$ 1

Countries ranked near Cyprus

  1. 54 Jamaica 44,915 constant 2024 US$ compare
  2. 55 Greece 43,999 constant 2024 US$ compare
  3. 56 Lithuania 41,495 constant 2024 US$ compare
  4. 58 Burkina Faso 41,029 constant 2024 US$ compare
  5. 59 Argentina 40,524 constant 2024 US$ compare
  6. 60 South Africa 40,436 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Cyprus

All data for Cyprus →

Frequently asked questions

What is military spending per armed forces personnel in Cyprus?
Military spending per armed forces personnel in Cyprus was 41,305 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in Cyprus?
The highest recorded value was 104,721 constant 2024 US$ in 1992.
What is the lowest military spending per armed forces personnel recorded in Cyprus?
The lowest recorded value was 9,087 constant 2024 US$ in 1985.
How does Cyprus rank for military spending per armed forces personnel?
Cyprus ranks 57th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Cyprus?
Over the last ten years it is up 13.2%. The long-run trend across the full record is falling.
Where does this Cyprus data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.