4) Italy (PwrIndx: 0.5991)

European economic woes have had a negative impact on Italy’s defense spending. The nation’s defense budget is $34 billion. Italy has 320,000 active frontline personnel, 600 tanks, 795 aircraft, 2 aircraft carriers and 6 submarines.

3) Germany (PwrIndx: 0.4899)

Germany’s military, the Bundeswehr, has 408 tanks, 4,279 AFVs, 185 SPGs, 252 MLRSs, 26 attack helicopters, 12 frigates, 710 aircraft, 5 corvettes, 4 submarines and 183,000 active frontline personnel. The nation’s defense budget is $45 billion.