Military Expenditure in Cyprus increased to 360 USD Million in 2018 from 357 USD Million in 2017. source: SIPRI
Military Expenditure in Cyprus averaged 421.43 USD Million from 1985 until 2018, reaching an all time high of 918 USD Million in 1992 and a record low of 79.60 USD Million in 1985. Cyprus Military Expenditure - values, historical data and charts - was last updated on November of 2020.
Military Expenditure in Cyprus is expected to reach 335.38 USD Million by the end of 2020, 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 2021 and 331.52 USD Million in 2022, according to our econometric models.