Dollars aren't directly convertible to warmaking power. The factories and skilled labor that make weapons are a scarce resource that don't scale with mere market capitalization.
That the Russian Federation has a small fraction of US GDP but has launched more cruise missiles in a single conflict (~7500) than the US has ever produced (4000 tomahawks) is an important example of this.
That the Russian Federation has a small fraction of US GDP but has launched more cruise missiles in a single conflict (~7500) than the US has ever produced (4000 tomahawks) is an important example of this.