Egypt made the biggest move, rising 10 places to No. 31 as older results dropped in value in the four-year cycle of matches used for the calculations.
Spain holds a big lead over Germany in second place, with Argentina in third. Colombia and Portugal round out the top five.
World Cup host Brazil is 10th, with the United States in 14th.
Canada, which hit an all-time rankings low of No. 114 last November, rose one spot to No. 111.