As England slipped a place to sixth in the FIFA rankings, Argentina rose to third.
Euro 2012 finalists Italy, the side who eliminated England in that competition, replace Roy Hodgson's side in the top five.
England played two World Cup qualifiers in the eligibility period, with a regulation 5-0 win over San Marino and 1-1 draw in Poland.
Spain and Germany remained unmoved in first and second, with Argentina climbing into third above Portugal, who slip to fourth following their surprise home draw against the Northern Irish.
Northern Ireland are 100 in the standings; Republic of Ireland slipped eight spots to 36th; Scotland drifted to 70th while Wales also dropped from 57th to 66th.