Budget: $26.1 billion
Active frontline personnel: 58,000
Total aircraft: 408
Australia's military is comparatively small — it receives bottom scores on the report for the number of active personnel and the number of tanks. It also receives near-bottom scores for the number of aircraft it has in its fleet.
Credit Suisse boosts Australia's ranking because of its attack helicopters and submarines though.
An Australian army soldier with the 5th Battalion, Royal Australian Regiment makes his way up a beach after landing in an amphibious assault vehicle from the USS Peleliu while participating in an assault exercise at Marine Corps Base Hawaii during the multinational military exercise RIMPAC in Kaneohe, Hawaii, on July 29, 2014.