Cable.co.uk emailed HEXUS with its latest survey findings which are derived from over 163 million broadband speed tests worldwide.
In fact, the United Kingdom has actually slipped one place in the league and now comes 35th overall for speeds.
The data was collected for the second year in a row across the 12 months up to 29 May this year by M-Lab, a partnership between New America's Open Technology Institute, Google Open Source Research, Princeton University's PlanetLab and other supporting partners, and compiled by Cable.
An analysis of more than 160m broadband speed tests conducted across 200 countries revealed Singapore was once again the world's fastest country, followed by Sweden, Denmark and Norway, while Yemen came last.
"With average broadband speeds rising by 23 per cent in just one year it would be easy to assume an overall positive global picture", said Cable consumer telecoms analyst Dan Howdle. "Seeing the United Kingdom falling even further behind other European Union countries for broadband speed is depressing but not surprising, given the UK's lack of investment in fibre to the premises and other nations' new networks increasingly coming online", he persisted.
So why the decrease in ranking when our average speed increased?
36 of the top 50 best-performing countries were based in Europe, with nine in Asia, two in North America, two in South America, and one in Africa.
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In a statement they disclosed that 136 countries failed to achieve average speeds above 10Mbps.
Our lower relative increase meant that several countries - Andorra, France, Luxembourg, Madagascar and Poland - leapfrogged the United Kingdom in the rankings.
This year's ranking also saw Jersey break into the top ten.
Dan Howdle, an analyst at Cable, said it was "somewhat sad to see the United Kingdom not faring better".
"Compared with many other countries both in and out of Europe, the United Kingdom has simply come too late to a full-fibre solution. Despite plans to roll out FTTP [fibre to the premises] to United Kingdom homes across the next decade or so, the United Kingdom is likely to fall further behind while we wait".
The failure of BT-owned Openreach to keep pace is reflected by its inability to roll out even fibre-to-the-cabinet broadband to large parts of London, let alone the rest of the country. This cannot stand.
Unsurprisingly, the slowest speeds overall were found in less economically developed states: Yemen, East Timor and Turkmenistan.
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