Military Expenditure in Cyprus increased to 414 USD Million in 2020 from 402 USD Million in 2019. source: SIPRI
Military Expenditure in Cyprus averaged 428.69 USD Million from 1985 until 2020, reaching an all time high of 932 USD Million in 1992 and a record low of 80.90 USD Million in 1985. Cyprus Military Expenditure - values, historical data and charts - was last updated on July of 2022.
Military Expenditure in Cyprus is expected to reach 336.43 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Military Expenditure is projected to trend around 303.59 USD Million in 2022 and 331.52 USD Million in 2023, according to our econometric models.