In what could prove to be the largest military conflict in Europe since World War II, Russia has launched what has been described as a full-scale invasion of its neighbor, Ukraine. Though Western governments, including the United States, have provided Ukraine with defensive weapons in anticipation of the conflict, the former Soviet republic and aspiring NATO ally remains militarily outmatched by Russia.
Russia, one of the world’s only military superpowers, has nearly 1.5 million armed forces personnel, according to estimates reported by the World Bank. Meanwhile, Ukrainian armed forces total just 311,000. Additionally, Russian military spending topped $61.7 billion in 2020, compared to Ukraine’s $5.9 billion.
While Russia’s military is one of the largest in the world – ranking among the top five countries – it is considerably smaller than that of a few other nations, including one of its neighbors.
Using armed forces personnel data from the World Bank, 24/7 Wall St. identified the countries with the world’s largest militaries. Personnel counts are for 2019 and include active-duty military personnel as well as paramilitary personnel, the most recent year of available data. Only paramilitary personnel whose training, organization, and equipment suggest they could be used alongside – or in lieu of – a more traditional military were included. Their inclusion means that personnel estimates may differ from other published estimates.
We also considered military spending, both in U.S. dollars and as a share of GDP. Though many of the countries with the largest militaries also tend to invest more than average on their armed forces, no country has a larger defense budget than the United States. The U.S. spent $778.2 billion on its military in 2020, triple the amount spent by China, the country with the second largest military budget, and more than 12 times Russia’s spending. Here is a look at the companies profiting the most from war.
Click here to see the countries with the largest militaries.
Click here to read our detailed methodology.
30. Bangladesh
> Military and paramilitary personnel: 227,000 (0.3% of labor force)
> Military spending, 2020: $4.6 billion (1.3% of GDP)
>Total population: 164,689,383
[in-text-ad]
29. Morocco
> Military and paramilitary personnel: 246,000 (2.0% of labor force)
> Military spending, 2020: $4.8 billion (4.3% of GDP)
>Total population: 36,910,558
28. Saudi Arabia
> Military and paramilitary personnel: 252,000 (1.7% of labor force)
> Military spending, 2020: $57.5 billion (8.4% of GDP)
>Total population: 34,813,867
27. Japan
> Military and paramilitary personnel: 261,000 (0.4% of labor force)
> Military spending, 2020: $49.1 billion (1.0% of GDP)
>Total population: 125,836,021
[in-text-ad-2]
26. Syrian Arab Republic
> Military and paramilitary personnel: 269,000 (5.2% of labor force)
> Military spending, 2020: N/A
>Total population: 17,500,657
25. Afghanistan
> Military and paramilitary personnel: 278,000 (2.7% of labor force)
> Military spending, 2020: $279.6 million (1.4% of GDP)
>Total population: 38,928,341
[in-text-ad]
24. France
> Military and paramilitary personnel: 304,000 (1.0% of labor force)
> Military spending, 2020: $52.7 billion (2.1% of GDP)
>Total population: 67,391,582
24/7 Wall St.
23. Ukraine
> Military and paramilitary personnel: 311,000 (1.5% of labor force)
> Military spending, 2020: $5.9 billion (4.1% of GDP)
>Total population: 44,134,693
22. Sri Lanka
> Military and paramilitary personnel: 317,000 (3.7% of labor force)
> Military spending, 2020: $1.6 billion (1.9% of GDP)
>Total population: 21,919,000
[in-text-ad-2]
21. Algeria
> Military and paramilitary personnel: 317,000 (2.5% of labor force)
> Military spending, 2020: $9.7 billion (6.7% of GDP)
>Total population: 43,851,043
20. Mexico
> Military and paramilitary personnel: 328,000 (0.6% of labor force)
> Military spending, 2020: $6.1 billion (0.6% of GDP)
>Total population: 128,932,753
[in-text-ad]
19. Iraq
> Military and paramilitary personnel: 341,000 (3.3% of labor force)
> Military spending, 2020: $7.0 billion (4.1% of GDP)
>Total population: 40,222,503
24/7 Wall St.
18. Italy
> Military and paramilitary personnel: 342,000 (1.3% of labor force)
> Military spending, 2020: $28.9 billion (1.6% of GDP)
>Total population: 59,554,023
17. Venezuela
> Military and paramilitary personnel: 343,000 (3.1% of labor force)
> Military spending, 2020: N/A
>Total population: 28,435,943
[in-text-ad-2]
16. Thailand
> Military and paramilitary personnel: 455,000 (1.2% of labor force)
> Military spending, 2020: $7.3 billion (1.5% of GDP)
>Total population: 69,799,978
15. Colombia
> Military and paramilitary personnel: 481,000 (1.8% of labor force)
> Military spending, 2020: $9.2 billion (3.4% of GDP)
>Total population: 50,882,884
[in-text-ad]
14. Turkey
> Military and paramilitary personnel: 512,000 (1.5% of labor force)
> Military spending, 2020: $17.7 billion (2.8% of GDP)
>Total population: 84,339,067
13. Myanmar
> Military and paramilitary personnel: 513,000 (2.2% of labor force)
> Military spending, 2020: $2.4 billion (2.9% of GDP)
>Total population: 54,409,794
12. Vietnam
> Military and paramilitary personnel: 522,000 (0.9% of labor force)
> Military spending, 2020: N/A
>Total population: 97,338,583
[in-text-ad-2]
11. South Korea
> Military and paramilitary personnel: 613,000 (2.1% of labor force)
> Military spending, 2020: $45.7 billion (2.8% of GDP)
>Total population: 51,780,579
10. Iran
> Military and paramilitary personnel: 650,000 (2.4% of labor force)
> Military spending, 2020: $15.8 billion (2.2% of GDP)
>Total population: 83,992,953
[in-text-ad]
9. Indonesia
> Military and paramilitary personnel: 676,000 (0.5% of labor force)
> Military spending, 2020: $9.4 billion (0.9% of GDP)
>Total population: 273,523,621
24/7 Wall St.
8. Brazil
> Military and paramilitary personnel: 762,000 (0.7% of labor force)
> Military spending, 2020: $19.7 billion (1.4% of GDP)
>Total population: 212,559,409
7. Egypt
> Military and paramilitary personnel: 836,000 (3.0% of labor force)
> Military spending, 2020: $4.5 billion (1.2% of GDP)
>Total population: 102,334,403
[in-text-ad-2]
6. Pakistan
> Military and paramilitary personnel: 943,000 (1.3% of labor force)
> Military spending, 2020: $10.4 billion (4.0% of GDP)
>Total population: 220,892,331
5. United States
> Military and paramilitary personnel: 1,388,000 (0.8% of labor force)
> Military spending, 2020: $778.2 billion (3.7% of GDP)
>Total population: 329,484,123
[in-text-ad]
4. Russian Federation
> Military and paramilitary personnel: 1,454,000 (2.0% of labor force)
> Military spending, 2020: $61.7 billion (4.3% of GDP)
>Total population: 144,104,080
3. North Korea
> Military and paramilitary personnel: 1,469,000 (8.7% of labor force)
> Military spending, 2020: N/A
>Total population: 25,778,815
2. China
> Military and paramilitary personnel: 2,535,000 (0.3% of labor force)
> Military spending, 2020: $252.3 billion (1.7% of GDP)
>Total population: 1,410,929,362
[in-text-ad-2]
1. India
> Military and paramilitary personnel: 3,045,000 (0.6% of labor force)
> Military spending, 2020: $72.9 billion (2.9% of GDP)
>Total population: 1,380,004,385
Methodology
To determine the countries with the largest militaries, 24/7 Wall St. reviewed World Bank data on military personnel from 2019, the most recent year of available data. Personnel counts include active-duty military personnel as well as paramilitary personnel.
Annual military expenditure in current U.S. dollars in 2020 are from the Stockholm International Peace Research Institute. Military expenditure covers the expenditures on current military forces and activities, including salaries and benefits, operational expenses, arms and equipment purchases, military construction, research and development, central administration, command, and support. Supplemental data on military expenditure and military expenditure as a percentage of GDP, and military expenditure per capita also came from SIPRI. Population data for 2020 came from the World Bank.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. 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.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.