Cyprus Military Spending
Cyprus spends an estimated 1.9% of GDP on its military in 2026; its most recent reported expenditure in US dollars is $632 million (2025).
Defense budget and military expenditure data (1985–2027)
Data updated: July 7, 2026
Key Facts (2026 estimate)
Military Expenditure
$663 million
Ranked #93 of 153 countries worldwide
Percent of GDP
1.9%
Ranked #89 of 163 countries by % of GDP
Year-over-Year Change
+4.9%
From $632M in 2025
Historical Peak Spending
$1.0 billion
Reached in 1992
How the 2026 figures are produced. The share-of-GDP figure is a per-country estimate researched from announced and enacted national defence budgets. The dollar figure is not a per-country forecast — it is the actual SIPRI figure for 2025 raised by a flat 5%, the same rate applied to every country in this group, so it can rise even where the share-of-GDP path falls. Actual SIPRI figures for Cyprus run to 2025.
Cyprus Defense Budget Summary
In 2026, Cyprus is estimated to have spent $663 million on military and defense, representing 1.9% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Cyprus is the #93 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 4.9%, from $632 million to $663 million. This change in the military budget reflects growing defense priorities.
The highest percentage of GDP allocated to defense spending was 9.1% in 1992. The historical average military budget is 2.9% of GDP.
Data source: SIPRI Military Expenditure Database. Values are in constant 2024 US dollars. Data for 2026 is an estimate based on government budget announcements.
Historical Military Spending
Military Spending (% of GDP)
Military Spending (USD Billions, 2024 prices)
Historical Data
| Year | Percent of GDP | USD (millions) |
|---|---|---|
| 2027(estimate) | 2.00% | $695M |
| 2026(estimate) | 1.90% | $663M |
| 2025 | 1.61% | $632M |
| 2024 | 1.58% | $596M |
| 2023 | 1.59% | $570M |
| 2022 | 1.71% | $577M |
| 2021 | 1.78% | $566M |
| 2020 | 1.90% | $537M |
| 2019 | 1.77% | $521M |
| 2018 | 1.75% | $481M |
| 2017 | 1.57% | $407M |
| 2016 | 1.40% | $343M |
| 2015 | 1.65% | $375M |
| 2014 | 1.54% | $335M |
| 2013 | 1.61% | $355M |
| 2012 | 1.65% | $393M |
| 2011 | 1.74% | $431M |
| 2010 | 1.85% | $465M |
| 2009 | 1.82% | $448M |
| 2008 | 1.63% | $411M |
| 2007 | 1.68% | $409M |
| 2006 | 1.90% | $432M |
| 2005 | 2.04% | $439M |
| 2004 | 1.96% | $404M |
| 2003 | 1.99% | $389M |
| 2002 | 2.13% | $402M |
| 2001 | 3.15% | $587M |
| 2000 | 2.82% | $497M |
| 1999 | 2.73% | $466M |
| 1998 | 4.68% | $754M |
| 1997 | 5.57% | $844M |
| 1996 | 4.52% | $666M |
| 1995 | 3.04% | $444M |
| 1994 | 4.02% | $495M |
| 1993 | 4.07% | $470M |
| 1992 | 9.13% | $1,047M |
| 1991 | 7.26% | $765M |
| 1990 | 7.37% | $779M |
| 1989 | 5.37% | $524M |
| 1988 | 5.70% | $510M |
| 1987 | 5.39% | $445M |
| 1986 | 1.58% | $120M |
| 1985 | 1.27% | $91M |