1 China 2,250,000
2 USA 1,625,852
3 India 1,325,000
4 DPRK 1,075,000
5 Russia 960,000
6 ROK 685,000
7 Pakistan 620,000
8 Iran 540,000
9 UK 515,000
10 Turkey 515,000
11 Myanmar 490,000
12 Vietnam 485,000
13 Egypt 450,000
14 Syria 320,000
15 Thailand 315,000
16 Ukraine 295,000
17 Taiwan 290,000
18 Brazil 285,000
19 Germany 284,000
20 France 259,000
Found this information on this site. Was a bit surprised at some of the figures just wondering if the wider community has any comments on this. My own would be that I didn't realise the UK had such a big army especially when compared to France.
** Edit **
Especially as the funding ranks up as follows:
1. United States $466.0 billion FY04 actual [see Note 8]
2. China $65 billion 2004 [see Note 1]
3. Russia $50 billion [see Note 6]
4. France $46.5 billion 2000
5. Japan $44.7 billion FY05
6. Germany $38.8 billion 2002
7. United Kingdom $31.7 billion 2002
8. Italy $20.2 billion 2002
9. Saudi Arabia $18.3 billion FY00
10. Korea, South $16.18 billion FY04
11. Brazil $13.408 billion FY99
12. India $12,079.7 million FY01
13. Iran $9.7 billion FY00
14. Australia $9.3 billion FY01/02 est.
15. Israel $8.97 billion FY02
16. Spain $8.6 billion 2002
17. Taiwan $8,041.2 million FY01
18. Turkey $8.1 billion 2002 est.
19. Canada $7,860.5 million FY01/02
20. Netherlands $6.5 billion FY00/01 est.
Source