For the modification, you could use tag.text
from xml. Here is snippet:
import xml.etree.ElementTree as ET
tree = ET.parse('country_data.xml')
root = tree.getroot()
for rank in root.iter('rank'):
new_rank = int(rank.text) + 1
rank.text = str(new_rank)
tree.write('output.xml')
The rank
in the code is example of tag, which depending on your XML file contents.