Beaten finalists Croatia ended England's run in Russian Federation, and they are fourth in the new list having climbed 16 spots.
Belgium, who lost to France in the semi-finals, moved up one place to second on the list published Thursday by football's governing body.
Samsung's 16Gb GDDR6 Memory Powers Latest NVIDIA Quadro Professional Graphics Solution
For those unfamiliar, ray tracing is graphics rendering technique for creating more life-like light and shadows in a given scene. The company's top GPU, the RTX 8000, packs 4,608 CUDA Cores, 576 Tensor Cores and 48GB of memory and will retail for $10,000.
Stuart Baxter's Bafana side failed dismally to qualify for the 2018 sporting showpiece in Russian Federation, with the latest rankings being the first since a new ranking formula took effect.
August's rankings are the first to use a new formula which "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".
Gareth Southgate's England are in sixth while Cristiano Ronaldo's Portugal are sixth as Switzerland, Spain and Denmark complete the top 10 positions.
France are up six places to first while Croatia have surged 16 places to fourth.
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Earlier this week official figures showed wages growth falling steadily over recent months, from 2.8% in February to 2.4% in June. In England, house prices increased by 2.7 per cent over the year to June 2018, with the average price now standing at £245,000.
Other big movers include Uruguay (5th, up 9), England (6th, up 6), Sweden (13th, up 11), and World Cup hosts Russian Federation (49th, up 21).
Russia, who exceeded low expectations in their home tournament in making the quarter-finals, rise 21 spots to 49th.
Northern Ireland have also moved up two places - they are still ahead of the Republic in 27th.
France's Hugo Lloris lifts the trophy as they celebrate winning the World Cup, Luzhniki Stadium, Moscow, Russia - July 15, 2018. Scotland have risen two places and now sit in 40th place.
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Speaking to reporters on the blue carpet, Walker said: "Kevin is a great player and it's just unfortunate that it's happened to him in training".