France moved up to second in the latest rankings published on Thursday with reigning World Cup champions Argentina slipping to third after their 1-0 loss to Ecuador in 2026 qualifying.
Nations League winners Portugal climbed one spot to fifth.
Germany dropped outside the top 10 for the first time in almost a year after their defeat in Slovakia earlier this month.
Slovakia were the biggest movers, surging 10 places to 42nd.
Top 10-ranked nations
1. Spain
2. France
3. Argentina
4. England
5. Portugal
6. Brazil
7. Netherlands
8. Belgium
9. Croatia
10. Italy