Military Expenditure in Cyprus increased to 360 USD Million in 2018 from 357 USD Million in 2017. Cyprus Military Expenditure - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
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. source: SIPRI
Military Expenditure in Cyprus is expected to reach 336.43 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.