Military spending in Cyprus

Cyprus: Military spending was 631.51 million constant 2024 US$ in 2025. ▼ Falling

Latest (2025)
631.51 million constant 2024 US$
Change on year
up 6.0%
World rank
97th
of 162 countries
All-time high
1.05 billion constant 2024 US$
in 1992
All-time low
90.87 million constant 2024 US$
in 1985
Years of data
41
1985–2025

Military spending in Cyprus, 1985–2025

0200.0M400.0M600.0M800.0M1.0B1985200520251985: 90.9M constant 2024 US$1986: 120.4M constant 2024 US$1987: 445.2M constant 2024 US$1988: 510.2M constant 2024 US$1989: 523.7M constant 2024 US$1990: 779.4M constant 2024 US$1991: 765.1M constant 2024 US$1992: 1.0B constant 2024 US$1993: 470.5M constant 2024 US$1994: 494.7M constant 2024 US$1995: 443.7M constant 2024 US$1996: 665.8M constant 2024 US$1997: 844.3M constant 2024 US$1998: 753.7M constant 2024 US$1999: 466.1M constant 2024 US$2000: 497.5M constant 2024 US$2001: 587.4M constant 2024 US$2002: 401.5M constant 2024 US$2003: 388.6M constant 2024 US$2004: 403.8M constant 2024 US$2005: 438.7M constant 2024 US$2006: 431.7M constant 2024 US$2007: 409.2M constant 2024 US$2008: 410.6M constant 2024 US$2009: 448.2M constant 2024 US$2010: 465.0M constant 2024 US$2011: 430.9M constant 2024 US$2012: 393.4M constant 2024 US$2013: 354.9M constant 2024 US$2014: 334.7M constant 2024 US$2015: 374.8M constant 2024 US$2016: 343.5M constant 2024 US$2017: 407.5M constant 2024 US$2018: 481.3M constant 2024 US$2019: 521.0M constant 2024 US$2020: 537.0M constant 2024 US$2021: 566.2M constant 2024 US$2022: 577.3M constant 2024 US$2023: 569.6M constant 2024 US$2024: 596.0M constant 2024 US$2025: 631.5M constant 2024 US$

Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.

Analysis

Cyprus recorded 631.51 million constant 2024 US$ for military spending in 2025.

That represents a change of up 6.0% on the previous year and up 68.5% over ten years.

Over the whole period, military spending in Cyprus peaked at 1.05 billion constant 2024 US$ in 1992 and was at its lowest, 90.87 million constant 2024 US$, in 1985.

Cyprus ranks 97th of 162 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 41 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 338.08 million constant 2024 US$ 90.87 million constant 2024 US$ 523.74 million constant 2024 US$ 5
1990s 673.05 million constant 2024 US$ 443.67 million constant 2024 US$ 1.05 billion constant 2024 US$ 10
2000s 441.73 million constant 2024 US$ 388.64 million constant 2024 US$ 587.38 million constant 2024 US$ 10
2010s 410.70 million constant 2024 US$ 334.72 million constant 2024 US$ 520.96 million constant 2024 US$ 10
2020s 579.61 million constant 2024 US$ 536.97 million constant 2024 US$ 631.51 million constant 2024 US$ 6

Countries ranked near Cyprus

  1. 94 Cote d'Ivoire 721.09 million constant 2024 US$ compare
  2. 95 Cambodia 716.30 million constant 2024 US$ compare
  3. 96 Georgia 637.21 million constant 2024 US$ compare
  4. 98 Guatemala 616.47 million constant 2024 US$ compare
  5. 99 Chad 598.32 million constant 2024 US$ compare
  6. 100 Botswana 594.86 million constant 2024 US$ compare

See the full ranking of 162 places →

More reference data data for Cyprus

All data for Cyprus →

Frequently asked questions

What is military spending in Cyprus?
Military spending in Cyprus was 631.51 million constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
What is the highest military spending recorded in Cyprus?
The highest recorded value was 1.05 billion constant 2024 US$ in 1992.
What is the lowest military spending recorded in Cyprus?
The lowest recorded value was 90.87 million constant 2024 US$ in 1985.
How does Cyprus rank for military spending?
Cyprus ranks 97th out of 162 countries with data for 2025.
Is military spending rising or falling in Cyprus?
Over the last ten years it is up 68.5%. 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) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

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About this data

Indicator
Military spending
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
162 places, 8,341 data points, 1949–2025
Last refreshed

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.