Cyprus Military Spending
Defense budget and military expenditure data (1985–2026)
Key Facts (2026 estimate)
Military Expenditure
$643 million
Ranked #94 of 148 countries worldwide
Percent of GDP
2.0%
Ranked #72 of 157 countries by % of GDP
Year-over-Year Change
+4.7%
From $614M in 2025
Historical Peak Spending
$1.0 billion
Reached in 1992
Cyprus Defense Budget Summary
In 2026, Cyprus is estimated to have spent $643 million on military and defense, representing 2.0% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Cyprus is the #94 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 4.7%, from $614 million to $643 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 2023 US dollars. Data for 2026 is an estimate based on government budget announcements.
Historical Military Spending
Military Spending (% of GDP)
Military Spending (USD Billions, 2023 prices)
Historical Data
| Year | Percent of GDP | USD (millions) |
|---|---|---|
| 2026(estimate) | 2.00% | $643M |
| 2025(estimate) | 2.00% | $614M |
| 2024 | 1.65% | $585M |
| 2023 | 1.65% | $559M |
| 2022 | 1.72% | $566M |
| 2021 | 1.78% | $556M |
| 2020 | 1.90% | $527M |
| 2019 | 1.77% | $511M |
| 2018 | 1.75% | $472M |
| 2017 | 1.57% | $400M |
| 2016 | 1.40% | $337M |
| 2015 | 1.65% | $368M |
| 2014 | 1.54% | $328M |
| 2013 | 1.61% | $348M |
| 2012 | 1.65% | $386M |
| 2011 | 1.74% | $423M |
| 2010 | 1.85% | $456M |
| 2009 | 1.82% | $440M |
| 2008 | 1.63% | $403M |
| 2007 | 1.68% | $401M |