Cyprus—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #93 of 156Updated April 2026
Latest Value
$598.2M
2024
YoY Change
+7.0%
2023 → 2024
Global Rank
#93
of 156 countries
Maximum
$598.2M
2024
Minimum
$242.5M
2002
CAGR
+3.2%
25 years
Last
$598.2M
Previous
$558.9M
Highest
$598.2M
Lowest
$242.5M
Source
World Bank World Development Indicators
Cyprus's military expenditure (usd) was $598.2M in 2024, ranking #93 out of 156 countries. This represents a +7.0% change from 2023. Over the past 25 years, the highest recorded value was $598.2M (2024) and the lowest was $242.5M (2002). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $598.2M | +7.0% |
| 2023 | $558.9M | +5.0% |
| 2022 | $532.5M | -1.7% |
| 2021 | $541.8M | +12.1% |
| 2020 | $483.4M | +4.3% |
| 2019 | $463.6M | +2.9% |
| 2018 | $450.4M | +25.4% |
| 2017 | $359.1M | +21.6% |
| 2016 | $295.4M | -9.9% |
| 2015 | $327.9M | -8.4% |
| 2014 | $357.8M | -7.0% |
| 2013 | $384.9M | -7.1% |
| 2012 | $414.5M | -13.6% |
| 2011 | $479.7M | +0.4% |
| 2010 | $477.6M | +1.3% |
| 2009 | $471.4M | +3.9% |
| 2008 | $453.8M | +12.0% |
| 2007 | $405.2M | +4.5% |
| 2006 | $387.7M | +1.8% |
| 2005 | $380.9M | +12.5% |
| 2004 | $338.5M | +17.4% |
| 2003 | $288.4M | +18.9% |
| 2002 | $242.5M | -26.0% |
| 2001 | $327.6M | +16.5% |
| 2000 | $281.2M |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |