Another approach than by the FIFA Ranking. The rating of the teams calculated based on the strength of the clubs (CSI)
CSI Ranking Table
Team CSI FIFA Ranking 1 Spain ESP 🇪🇸 1,833 10 2 Germany GER 🇩🇪 1,741 1 3 Brazil BRA 🇧🇷 1,732 2 4 France FRA 🇫🇷 1,693 7 5 Argentina ARG 🇦🇷 1,544 5 6 England ENG 🏴 1,491 12 7 Belgium BEL 🇧🇪 1,488 3 8 Croatia CRO 🇭🇷 1,440 20 9 Portugal POR 🇵🇹 1,353 4 10 Uruguay URU 🇺🇾 1,348 14 11 Colombia COL 🇨🇴 1,312 16 12 Switzerland SUI 🇨🇭 1,280 6 13 Poland POL 🇵🇱 1,239 8 14 Russia RUS 🇷🇺 1,234 70 15 Denmark DEN 🇩🇰 1,167 12 16 Serbia SRB 🇷🇸 1,153 34 17 Morocco MAR 🇲🇦 1,148 41 18 Mexico MEX 🇲🇽 1,147 15 19 Nigeria NGA 🇳🇬 1,042 48 20 Senegal SEN 🇸🇳 1,017 27 21 Sweden SWE 🇸🇪 0,968 24 22 Japan JPN 🇯🇵 0,966 61 23 Costa Rica CRC 🇨🇷 0,908 23 24 Saudi Arabia KSA 🇸🇦 0,892 67 25 Iceland ISL 🇮🇸 0,852 22 26 Egypt EGY 🇪🇬 0,845 45 27 Tunisia TUN 🇹🇳 0,839 21 28 Australia AUS 🇦🇺 0,766 36 29 Iran IRN 🇮🇷 0,760 37 30 Peru PER 🇵🇪 0,735 11 31 South Korea KOR 🇰🇷 0,641 57 32 Panama PAN 🇵🇦 0,625 55
About CSI read here.