Here's a brief eplanation from Federation Internationale de Football Association on the new way of ranking teams that has now been implemented, with the governing body no longer taking into account which confederation a team comes from when it comes to collecting points.
Argentina fall to 11th after flattering to deceive on the grandest stage, with both teams now below England, who reached the semi-finals.
Stuart Baxter's Bafana side failed dismally to qualify for the 2018 sporting showpiece in Russian Federation, with the latest rankings being the first since a new ranking formula took effect.
Croatia are the biggest movers in the top 20 and rise 16 places to fourth after making the last four in Russian Federation and World Cup quarter-finalists Uruguay are up nine to fifth.
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The failure of the five African representatives at Russian Federation 2018 to qualify for the knockout stages of the tournament has seen a change in the top 5 ranked teams on the continent. Argentina dropped out of the top 10, down from fifth to 11th, Sweden went up 11 places to 13th after making the quarter-finals in Russian Federation, but Poland, who finished bottom of their group, were another side to plummet from the top 10 - dropping from eighth to 18th.
The previous update to the standings had been back in early June.
England takes 6th place, Portugal 7th, Switzerland 8th position, while Spain and Denmark are sitting in the 9th position.
Wales now occupy 19th place, with Northern Ireland in 27th - two places above the Republic of Ireland. Italy - who failed to qualify for the World Cup - dropped out of the top 20, down from 19th to 21st.
Hosts Russia kicked off the tournament as the lowest-ranked of the 32 teams.