Ranked! The Power Index
The United States sold more arms than the next seven exporters combined. Russia's share has collapsed from 21% to 6.8% in five years.
Tuesday · August 25, 2026
RANKED!

The Power Index

Ranked! The Power Index — Block 1
Ranked! The Power Index — Block 2

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What's Surprising

The United States cut its military budget in 2025. Spending fell 7.5% to $954 billion. It is still the largest on Earth by far, a third of the global total. But the direction is new: the world's biggest spender pulled back.

Global spending rose anyway, to a record $2.89 trillion, because everyone else pushed harder. Germany added 24% to reach $114 billion, the biggest budget in Western Europe. Spain rose 50%, Poland 23%, Italy 20%.

Ukraine is the extreme. It spent $84.1 billion — 40% of its entire economy, more than France or Japan. No country devotes a larger share of what it makes to its own defense.

What's Not Surprising

America is still in a class of its own. It spends more than the next six countries — China, Russia, Germany, India, Britain, and Ukraine — combined. A 7.5% cut barely dents that lead.

The top of the list rarely moves. The United States, China, and Russia together account for 51% of all military spending. Add Germany and India and five countries cover 58%.

The rich and the threatened spend the most. The big economies, the states along Russia's border, the Gulf. Money follows fear, and it has for decades.

Ranked! The Power Index — Block 3
Ranked! The Power Index — Block 4