Current World FIFA rankings

FIFA World Rankings 2015: Wales and Chile Leapfrog England in Latest StandingsPASCAL PAVANI/Getty Images

Wales have leapfrogged England in the official world rankings for the first time in their history, as the latest edition of the FIFA standings was announced on Thursday. Chile have also moved ahead of the Three Lions after their summer triumph in the Copa America.

Chris Coleman’s Welsh side have been in superb form as of late, and they preserved their spot as the ninth-best team in the world. England, despite having won all of their European Championship qualifying matches so far, drop down from eighth into 10th, with the South American champions jumping above both home nations.

Here’s a look at the recently released rankings, which see Argentina rated as the finest international side in world football.

FIFA World Rankings: September 3 1 Argentina 1442 - 2 Belgium 1269 - 3 Germany 1248 - 4 Colombia 1224 - 5 Brazil 1209 - 6 Portugal 1186 - 7 Romania 1176 - 8 Chile 1149 +2 9 Wales 1146 - 10 England 1143 -2

FIFA.com

For the full standings, click here.

The formula that underpins FIFA's rankings is pretty bespoke and far from straightforward. The result, importance of the match, strength of opposition and confederation are given coefficients and multiplied together to provide an overall score.

Then, another coefficient is applied depending on the other team’s confederation (CONMEBOL 1.00; UEFA 0.99; AFC, CAF, OFC and CONCACAF 0.85), per the governing body's official website. Over time, the value of results decreases.

GLYN KIRK/Getty Images

The Welsh have been on a remarkable run. Coleman’s side have showcased steel, style and swagger in their attempts to qualify for the European Championship, now needing just two wins from their remaining four matches to make it to a major tournament for the first time since 1958.

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