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.

Military spending per armed forces personnel in Cyprus, year by year

Annual values for Military spending per armed forces personnel in Cyprus, 1985 to 2020.
Year constant 2024 US$ Change
1985 9,087 constant 2024 US$
1989 37,410 constant 2024 US$ +311.7%
1990 77,942 constant 2024 US$ +108.3%
1991 76,510 constant 2024 US$ -1.8%
1992 104,721 constant 2024 US$ +36.9%
1995 31,691 constant 2024 US$ -69.7%
1996 47,560 constant 2024 US$ +50.1%
1997 80,408 constant 2024 US$ +69.1%
1998 70,969 constant 2024 US$ -11.7%
1999 43,358 constant 2024 US$ -38.9%
2000 46,063 constant 2024 US$ +6.2%
2001 54,387 constant 2024 US$ +18.1%
2002 39,757 constant 2024 US$ -26.9%
2003 38,479 constant 2024 US$ -3.2%
2004 36,708 constant 2024 US$ -4.6%
2005 40,814 constant 2024 US$ +11.2%
2006 40,159 constant 2024 US$ -1.6%
2007 38,066 constant 2024 US$ -5.2%
2008 38,193 constant 2024 US$ +0.3%
2009 41,694 constant 2024 US$ +9.2%
2010 36,474 constant 2024 US$ -12.5%
2011 33,795 constant 2024 US$ -7.3%
2012 30,854 constant 2024 US$ -8.7%
2013 27,839 constant 2024 US$ -9.8%
2014 26,253 constant 2024 US$ -5.7%
2015 29,397 constant 2024 US$ +12.0%
2016 21,808 constant 2024 US$ -25.8%
2017 25,468 constant 2024 US$ +16.8%
2018 30,080 constant 2024 US$ +18.1%
2019 32,560 constant 2024 US$ +8.2%
2020 41,305 constant 2024 US$ +26.9%

Cyprus compared with similar countries

  • Cyprus's 41,305 constant 2024 US$ is below the median for high income countries, which is 131,220 constant 2024 US$, 31% of the median. (54 countries reporting)
  • Cyprus's 41,305 constant 2024 US$ is below the median for Europe & Central Asia, which is 55,593 constant 2024 US$, 74% of the median. (48 countries reporting)

Biggest year-on-year movements

Years where Military spending per armed forces personnel 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
1989 +311.7% 9,087 constant 2024 US$ 37,410 constant 2024 US$
1990 +108.3% 37,410 constant 2024 US$ 77,942 constant 2024 US$

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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Military spending per armed forces personnel in Cyprus. Statizoid, drawing on 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. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/military-spending-per-armed-forces-personnel/cyprus/

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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.