According to the , the US ranked first, followed by Russia, China, and India while Bangladesh ranked 56th, Pakistan 17th and Myanmar 35th on the list of 136 countries.
France, Germany, the UK, Japan and Iran are among the top 15 countries.
The report did not take into consideration the strategic forces of any country such as nuclear firepower.
The report cites that Australia's defence budget is $26.3bn as against China's $151bn, India's $47bn, Myanmar's $2.4bn, Pakistan's $7bn and Bangladesh’s $1.59bn.
According to the index, Australia has an active military comprising of 60,000 personnel while India has 1,362,500 while China 2,183,000, Pakistan has 637,000 while Bangladesh has 160,000 military personnel.
According to the report, Australia Army has a total of 59 combat tanks and 2040 armoured fighting vehicles.
Bangladesh Army has a total of 534 combat tanks, 942 armoured fighting vehicles, 18 self-propelled artillery guns, no-towed artillery guns and 32 rocket projectors.
The report also says Australia has a total of 47 Naval assets. The country owns 10 frigates, two aircraft carriers, six submarines and six mine warfare vessels.
