Military spending, per unit of GDP in Cyprus

Cyprus: Military spending, per unit of GDP was 0.0189 constant 2022 US$ per US$ of GDP in 2023. ◆ Volatile

Latest (2023)
0.0189 constant 2022 US$ per US$ of GDP
Change on year
down 7.3%
World rank
71st
of 170 countries
All-time high
0.1521 constant 2022 US$ per US$ of GDP
in 1975
All-time low
0.0188 constant 2022 US$ per US$ of GDP
in 2011
Years of data
49
1975–2023

Military spending, per unit of GDP in Cyprus, 1975–2023

00.050.10.15197519992023

Source: Statizoid (derived). Measured in constant 2022 US$ per US$ of GDP.

Analysis

Cyprus recorded 0.0189 constant 2022 US$ per US$ of GDP for military spending, per unit of gdp in 2023.

The figure is down 7.3% on the previous year and down 8.9% over ten years.

Over the whole period, military spending, per unit of gdp in Cyprus peaked at 0.1521 constant 2022 US$ per US$ of GDP in 1975 and was at its lowest, 0.0188 constant 2022 US$ per US$ of GDP, in 2011.

That places Cyprus 71st out of 170 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, per unit of GDP in Cyprus, year by year

Annual values for Military spending, per unit of GDP in Cyprus, 1975 to 2023.
Year constant 2022 US$ per US$ of GDP Change
1975 0.1521 constant 2022 US$ per US$ of GDP
1976 0.1263 constant 2022 US$ per US$ of GDP -17.0%
1977 0.106 constant 2022 US$ per US$ of GDP -16.0%
1978 0.0769 constant 2022 US$ per US$ of GDP -27.5%
1979 0.0592 constant 2022 US$ per US$ of GDP -23.0%
1980 0.0337 constant 2022 US$ per US$ of GDP -43.0%
1981 0.0405 constant 2022 US$ per US$ of GDP +20.0%
1982 0.0571 constant 2022 US$ per US$ of GDP +41.1%
1983 0.0626 constant 2022 US$ per US$ of GDP +9.7%
1984 0.0587 constant 2022 US$ per US$ of GDP -6.2%
1985 0.0542 constant 2022 US$ per US$ of GDP -7.6%
1986 0.0646 constant 2022 US$ per US$ of GDP +19.1%
1987 0.0739 constant 2022 US$ per US$ of GDP +14.4%
1988 0.0684 constant 2022 US$ per US$ of GDP -7.4%
1989 0.0794 constant 2022 US$ per US$ of GDP +16.1%
1990 0.0848 constant 2022 US$ per US$ of GDP +6.8%
1991 0.1021 constant 2022 US$ per US$ of GDP +20.3%
1992 0.1032 constant 2022 US$ per US$ of GDP +1.1%
1993 0.0903 constant 2022 US$ per US$ of GDP -12.5%
1994 0.0859 constant 2022 US$ per US$ of GDP -4.9%
1995 0.0634 constant 2022 US$ per US$ of GDP -26.2%
1996 0.0678 constant 2022 US$ per US$ of GDP +6.9%
1997 0.0797 constant 2022 US$ per US$ of GDP +17.6%
1998 0.0673 constant 2022 US$ per US$ of GDP -15.6%
1999 0.0542 constant 2022 US$ per US$ of GDP -19.5%
2000 0.0505 constant 2022 US$ per US$ of GDP -6.8%
2001 0.0433 constant 2022 US$ per US$ of GDP -14.3%
2002 0.0343 constant 2022 US$ per US$ of GDP -20.8%
2003 0.0265 constant 2022 US$ per US$ of GDP -22.7%
2004 0.0233 constant 2022 US$ per US$ of GDP -12.1%
2005 0.0213 constant 2022 US$ per US$ of GDP -8.3%
2006 0.0201 constant 2022 US$ per US$ of GDP -5.7%
2007 0.0227 constant 2022 US$ per US$ of GDP +13.0%
2008 0.021 constant 2022 US$ per US$ of GDP -7.7%
2009 0.0213 constant 2022 US$ per US$ of GDP +1.5%
2010 0.0212 constant 2022 US$ per US$ of GDP -0.3%
2011 0.0188 constant 2022 US$ per US$ of GDP -11.5%
2012 0.0192 constant 2022 US$ per US$ of GDP +1.9%
2013 0.0207 constant 2022 US$ per US$ of GDP +8.1%
2014 0.0199 constant 2022 US$ per US$ of GDP -4.0%
2015 0.0205 constant 2022 US$ per US$ of GDP +3.3%
2016 0.0197 constant 2022 US$ per US$ of GDP -3.9%
2017 0.0211 constant 2022 US$ per US$ of GDP +6.8%
2018 0.0199 constant 2022 US$ per US$ of GDP -5.8%
2019 0.0216 constant 2022 US$ per US$ of GDP +9.0%
2020 0.023 constant 2022 US$ per US$ of GDP +6.4%
2021 0.0199 constant 2022 US$ per US$ of GDP -13.7%
2022 0.0204 constant 2022 US$ per US$ of GDP +2.5%
2023 0.0189 constant 2022 US$ per US$ of GDP -7.3%

Cyprus compared with similar countries

  • Cyprus's 0.0189 constant 2022 US$ per US$ of GDP is above the median for high income countries, which is 0.0189 constant 2022 US$ per US$ of GDP, 1.0× the median. (55 countries reporting)
  • Cyprus's 0.0189 constant 2022 US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.0185 constant 2022 US$ per US$ of GDP, 1.0× the median. (48 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1970s 0.1041 constant 2022 US$ per US$ of GDP 0.0592 constant 2022 US$ per US$ of GDP 0.1521 constant 2022 US$ per US$ of GDP 5
1980s 0.0593 constant 2022 US$ per US$ of GDP 0.0337 constant 2022 US$ per US$ of GDP 0.0794 constant 2022 US$ per US$ of GDP 10
1990s 0.0799 constant 2022 US$ per US$ of GDP 0.0542 constant 2022 US$ per US$ of GDP 0.1032 constant 2022 US$ per US$ of GDP 10
2000s 0.0284 constant 2022 US$ per US$ of GDP 0.0201 constant 2022 US$ per US$ of GDP 0.0505 constant 2022 US$ per US$ of GDP 10
2010s 0.0203 constant 2022 US$ per US$ of GDP 0.0188 constant 2022 US$ per US$ of GDP 0.0216 constant 2022 US$ per US$ of GDP 10
2020s 0.0205 constant 2022 US$ per US$ of GDP 0.0189 constant 2022 US$ per US$ of GDP 0.023 constant 2022 US$ per US$ of GDP 4

Countries ranked near Cyprus

  1. 68 Vietnam 0.0195 constant 2022 US$ per US$ of GDP compare
  2. 69 Hungary 0.0193 constant 2022 US$ per US$ of GDP compare
  3. 70 China 0.0191 constant 2022 US$ per US$ of GDP compare
  4. 72 Chile 0.0188 constant 2022 US$ per US$ of GDP compare
  5. 73 Belarus 0.0188 constant 2022 US$ per US$ of GDP compare
  6. 74 Croatia 0.0187 constant 2022 US$ per US$ of GDP compare

See the full ranking of 170 places →

More reference data data for Cyprus

All data for Cyprus →

Frequently asked questions

What is military spending, per unit of gdp in Cyprus?
Military spending, per unit of gdp in Cyprus was 0.0189 constant 2022 US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest military spending, per unit of gdp recorded in Cyprus?
The highest recorded value was 0.1521 constant 2022 US$ per US$ of GDP in 1975.
What is the lowest military spending, per unit of gdp recorded in Cyprus?
The lowest recorded value was 0.0188 constant 2022 US$ per US$ of GDP in 2011.
How does Cyprus rank for military spending, per unit of gdp?
Cyprus ranks 71st out of 170 countries with data for 2023.
Is military spending, per unit of gdp rising or falling in Cyprus?
Over the last ten years it is down 8.9%. The long-run trend across the full record is volatile.
Where does this Cyprus data come from?
The figures come from Statizoid (derived), published as part of Military spending, per unit of GDP. Statizoid updates them automatically from the source API.

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Military spending, per unit of GDP in Cyprus. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-per-unit-of-gdp-2/cyprus/

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How this figure is calculated

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ GDP (current US$)

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, per unit of GDP
Unit
constant 2022 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 9,064 data points, 1960–2023
Last refreshed

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.