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Countries Spending Most on Their Militaries

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Using over 55 factors to determine a country’s PowerIndex score, the Global Firepower 2019 list ranks the most powerful military nations in the world. Of the 136 advanced and lesser developed nations included, the parameters include their geographical location, natural resource reliance, manpower and current economic health. It must be noted that nuclear capability and current political/military leadership is not taken into account. Also, land-locked nations are not penalized for not having a standing navy. Here's a look at the 50 most powerful military nations, according to the list, as of June 25, 2019.

Among the findings:
-The United States has the best-equipped military on the planet.

-Both Russia & China have been modernizing their armed forces, and while their equipment still lags behind top-end American technology, experts say the gap is closing.

-The French military is larger and arguably more capable than its traditional British rival.

-Italy is stronger than Germany in every area, from aircraft and land forces to seapower.

The most powerful militaries in the world,  updated June 25, 2019:

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40. Romania
Population: 21,457,116
Available manpower: 11,007,501
Reaching military age annually: 225,379
Active personnel: 70,000
Reserve personnel: 50,000
Aircraft strength: 151
Combat tanks: 717
Naval assets: 48

41. Malaysia
Population: 31,809,660
Available manpower: 15,201,837
Reaching military age annually: 526,142
Active personnel: 110,000
Reserve personnel: 300,000
Aircraft strength: 187
Combat tanks: 74
Naval assets: 61

43. Venezuela
Population: 31,689,176
Available manpower: 14,260,129
Reaching military age annually: 584,665
Active personnel: 120,000
Reserve personnel: 8,000
Aircraft strength: 279
Combat tanks: 485
Naval assets: 50

44. Nigeria
Population: 203,452,505
Available manpower: 77,108,499
Reaching military age annually: 3,454,461
Active personnel: 120,000
Reserve personnel: 0
Aircraft strength: 131
Combat tanks: 253
Naval assets: 75

45. Bangladesh
Population: 159,453,001
Available manpower: 78,913,289
Reaching military age annually: 3,060,573
Active personnel: 160,000
Reserve personnel: 0
Aircraft strength: 175
Combat tanks: 340
Naval assets: 89

46. Colombia
Population: 48,168,996
Available manpower: 24,084,498
Reaching military age annually: 839,509
Active personnel: 295,000
Reserve personnel: 35,000
Aircraft strength: 490
Combat tanks: 0
Naval assets: 234