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Military Expenditure (Local Currency) in Cyprus

Source: World Bank, SIPRI, National Statistical Office
Last Updated: Sep 1, 2021

Military expenditure in local currency reached 0.377 EUR bil in 2018 in Cyprus, according to the SIPRI Military Expenditure Database. This is 5.13 % more than in the previous year.

Historically, military expenditure in local currency in Cyprus reached an all time high of 0.484 EUR bil in 1992 and an all time low of EUR bil in. When compared to Cyprus's main peers, military expenditure in local currency in Egypt amounted to 55.5 EGP bil, 4.88 EUR bil in Greece, 70.9 ILS bil in Israel and 94.9 TRY bil in Turkey in 2018.

Cyprus has been ranked 136th within the group of 150 countries we follow in terms of military expenditure in local currency, 2 places above the position seen 10 years ago.

Military expenditure data are derived from the NATO definition, which includes all current and capital expenditure on the armed forces, including peacekeeping forces, defence ministries and other government agencies engaged in defence projects, paramilitary forces, if these are judged to be trained and equipped for military operations, and military space activities.

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