The reigning European and world champions continue to dominate the list, while the losing 2010 World Cup finalist have dropped two places
Germany have climbed one spot in the table as they are now the number two, with 2011 Copa America winners Uruguay moving into third position.
Despite not playing any games in the past month, losing World Cup finalists Netherlands have dropped two places in the ranking, and now sit fourth.
Portugal have leapfrogged Brazil (sixth) and England (seventh) to move up to fifth, with Croatia (eighth), Denmark (ninth) and Argentina completing the top 10.
Italy have slipped three places and now sit 12th in the ranking, behind Russia and ahead of Chile.
Cote d'Ivoire are the best-placed African team on the list at number 15 despite losing the 2012 African Nations Cup in February to Zambia (40th), while Australia are Asia's highest-ranked representative in 21st position.