The US and Tokyo have taken the top spots as locations for creative industries, based on both cost and quality.
The rankings were compiled using fDi Benchmark, an online subscription database which benchmarks cost and quality competitiveness for investment locations. Its sister product, fDi Markets, which tracks crossborder greenfield investments, recorded 3338 investment projects in creative industries between 2003 and June 2010.
While Tokyo did not receive the highest number of FDI projects in any year recorded, it was still ranked as the top city based on the quality of its overall location attributes. When costs were factored into the rankings, Tokyo was still the top rated city, even though it is one of the most expensive cities in the world.
The city receiving the most investment projects was London, which has received by far the most FDI since 2003. Taking a significant fall was Dubai, which received the second highest number of projects in 2009 with 23, but as of June 2010 it had only attracted seven.
On a country basis, the US took the top place, both in terms of cost and quality. It also received the highest number of investments every year from 2003 to 2009 and is on pace to do so this year. Strangely it only had one city, New York, in the top ten ranked cities.
Japan and the UK were also in the top ranking countries for creative industries, but when costs were considered Japan fell four places to number eight.