World Cup hosts Russian Federation, who defied all expectations by making it into the quarter-finals, are the biggest risers in the new rankings.
Ireland have moved up two places to 29th in the latest Federation Internationale de Football Association rankings, while World Cup winners France top the list.
There is little movement from teams who were not present at the World Cup with Wales moving down one place to 19th, Northern Ireland up two places to 27th and Scotland also up two places to 40th.
They said, "The formula, which was approved by the FIFA Council in June after a lengthy period of testing, relies on adding/subtracting points won or lost for a game to/from the previous points total rather than averaging game points over a given time period as in the previous version of the ranking".
Surprisingly, DR Congo are third while Ghana and Morocco complete the continent's Top 5.
"The changes, of which there are several, include the fact that inactive teams now preserve their point totals, with no devaluation of older games".
The dismal performance in Russian Federation has seen Egypt drop down by 77 points and 20 places - the biggest drop by any football team in the history of rankings.
The Three Lions are now enjoying their highest ranking since 2011 and sit above global juggernauts such as Spain (ninth) and Argentina (11th) while Germany's group-stage exit has seen them fall all the way from first to 15th.