Special Report

The World’s 20 Strongest Militaries

Source: Public Domain / Wikimedia Commons

20. Saudi Arabia
> Global Firepower PowerIndex score: 0.297
> Armed forces personnel: 252,000 (1.7% of labor force)
> Active military aircraft: 897 (1.7% of global fleet)
> Defense expenditure, 2020: $57.5 (8.4% of GDP)

Source: Public Domain / Wikimedia Commons

19. Spain
> Global Firepower PowerIndex score: 0.290
> Armed forces personnel: 199,000 (0.9% of labor force)
> Active military aircraft: 503 (0.9% of global fleet)
> Defense expenditure, 2020: $17.4 (1.4% of GDP)

Source: Nancy Anderson / iStock via Getty Images

18. Israel
> Global Firepower PowerIndex score: 0.262
> Armed forces personnel: 178,000 (4.3% of labor force)
> Active military aircraft: 597 (1.1% of global fleet)
> Defense expenditure, 2020: $21.7 (5.6% of GDP)

Source: Ian Hitchcock / Getty Images

17. Australia
> Global Firepower PowerIndex score: 0.238
> Armed forces personnel: 59,000 (0.4% of labor force)
> Active military aircraft: 430 (0.8% of global fleet)
> Defense expenditure, 2020: $27.5 (2.1% of GDP)

Source: Sean Gallup / Getty Images

16. Germany
> Global Firepower PowerIndex score: 0.232
> Armed forces personnel: 184,000 (0.4% of labor force)
> Active military aircraft: 617 (1.2% of global fleet)
> Defense expenditure, 2020: $52.8 (1.4% of GDP)

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.