Woods, who has been No. 1 for a total of 297 weeks, is just 34 weeks shy of Greg Norman's all-time record of being the top-ranked golfer in the world. Norman was atop the rankings for 331 weeks.
The PGA Tour returns to action January 8th through 11th at the Mercedes Championships in Hawaii.
Following Woods, there was not much change in the rankings. Vijay Singh and Ernie Els stayed second and third, while Davis Love III remained fourth despite his victory at the Target World Challenge.
Jim Furyk, Mike Weir, Retief Goosen, Padraig Harrington, David Toms and Kenny Perry round out the top-10, all remaining in the same position as the week before.
Darren Clarke, Nick Price and Phil Mickelson stayed put in the 11th through 13th slots.
The first change in this week's rankings came at No. 14 where Stuart Appleby moved up one spot, while Chad Campbell slipped one notch to 15. Robert Allenby and Fredrik Jacobson remained in the 16th and 17th positions.
K.J. Choi, Charles Howell III and Thomas Bjorn all moved up one space to round out the top-20. Justin Leonard fell three slots from 18th to 21st in this week's rankings.
The big movers of the week were well down in the rankings. Thongchai Jaidee won his fourth Asian PGA Tour title at the Volvo Masters of Asia and it helped him climb 110 positions to No. 154 in this week's Official World Golf Ranking.
Peter Senior won his first title in six years when he claimed the Australian PGA Championship at the Hyatt Coolum Resort in Queensland. The title vaulted him 207 positions to No. 221.