According to Forbes, the list is made up of 100 women who made the most impact. They include top politicians and CEOs, activist billionaires and celebrities.
Okonjo-Iweala moved down from the 81st position to the 83rd.
Joyce Banda, president of Malawi, is up from the 71st position to the 47th and Ellen Johnson-Sirleaf, president of Liberia, ranks 87th on the list.
On the international level, Angela Makel, German chancellor and a member of the 27-member European Union retains the number one slot.
Dilma Rousseff, president of Brazil; Melinda Gates, co-chair, Bill and Melinda Gates Foundation; Michelle Obama, First Lady of the United States and Hilary Clinton round up the first five list, ranking second, third, fourth and fifth respectively.
Also on the list are musician/actress, Beyonce Knowles Carter; media mogul, Oprah Winfrey; actress Angelina Jolie; actress Sofia Vergara; musician Lady Gaga; TV personality Ellen DeGeneres; musician Shakira Mebarak; author J.K Rowling and supermodel Gisele Bundchen.