Municipalities creating the most value
Value created by the limited companies we follow, by business address, per inhabitant.
Frøya has the highest value creation per inhabitant of Norway's municipalities at 1,642,970 kr (2025). The lowest is Leka at 12,501 kr. Source: Brønnøysundregistrene (Regnskapsregisteret), processed by Morning Analytics 2 November 2026.
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Based on 112,428 limited companies with accounts for 2025. 33,557 companies without payroll costs and 36 without an exchange rate are left out.
Analysis: why are some at the top and others at the bottom?
We compared value creation per inhabitant with every other municipal figure we have, from Statistics Norway, NIPH and the Brønnøysund Register Centre. Below are the figures that go most closely together with value creation per inhabitant across the country, and what marks the municipalities at the top and bottom on those figures.
The pattern across the country
- Municipalities that rank high on «Job coverage (jobs per employed resident)» most often also rank high on value creation per inhabitant (moderate association, rank correlation 0.50 across 357 municipalities; Statistics Norway table 11618).
- Municipalities that rank high on «Net in-commuting, share of employed residents» most often also rank high on value creation per inhabitant (moderate association, rank correlation 0.49 across 357 municipalities; Statistics Norway table 11616).
- Municipalities that rank high on «Gross income per person aged 17 and over, mean» most often also rank high on value creation per inhabitant (moderate association, rank correlation 0.43 across 357 municipalities; Statistics Norway table 03068).
- Municipalities that rank high on «Limited companies we follow per 1,000 inhabitants» most often also rank high on value creation per inhabitant (moderate association, rank correlation 0.32 across 347 municipalities; Brønnøysund Register Centre, our own calculations).
The highest and the lowest
- No. 1 Frøya (1,642,970 kr) Fits the pattern: «Job coverage (jobs per employed resident)» 129.8% (no. 3 of 357 from the top; Statistics Norway table 11618); «Net in-commuting, share of employed residents» 29.5% (no. 3 of 357 from the top; Statistics Norway table 11616); «Gross income per person aged 17 and over, mean» 720,300 kr (no. 7 of 357 from the top; Statistics Norway table 03068). Most distinctive industry: fiske, fangst og akvakultur, 22% of the jobs, 26.9 times the national share (Statistics Norway table 13470, 2025).
- No. 2 Sola (1,437,910 kr) Fits the pattern: «Job coverage (jobs per employed resident)» 184.8% (no. 1 of 357 from the top; Statistics Norway table 11618); «Net in-commuting, share of employed residents» 79.8% (no. 1 of 357 from the top; Statistics Norway table 11616); «Gross income per person aged 17 and over, mean» 747,400 kr (no. 4 of 357 from the top; Statistics Norway table 03068). Most distinctive industry: tjenester tilknyttet bergverksdrift og utvinning, 33% of the jobs, 26.4 times the national share (Statistics Norway table 13470, 2025).
- No. 3 Lurøy (946,824 kr) Fits the pattern: «Gross income per person aged 17 and over, mean» 876,100 kr (no. 1 of 357 from the top; Statistics Norway table 03068); «Job coverage (jobs per employed resident)» 117.3% (no. 11 of 357 from the top; Statistics Norway table 11618); «Net in-commuting, share of employed residents» 15.0% (no. 15 of 357 from the top; Statistics Norway table 11616). Most distinctive industry: fiske, fangst og akvakultur, 28% of the jobs, 35.1 times the national share (Statistics Norway table 13470, 2025).
- No. 357 Leka (12,501 kr, among the lowest) Fits the pattern: «Limited companies we follow per 1,000 inhabitants» 33.56 per 1,000 (no. 343 of 347 from the top; Brønnøysund Register Centre, our own calculations). Most distinctive industry: sjøfart, 11% of the jobs, 18.0 times the national share (Statistics Norway table 13470, 2025).
- No. 356 Aremark (12,943 kr, among the lowest) Fits the pattern: «Job coverage (jobs per employed resident)» 49.8% (no. 346 of 357 from the top; Statistics Norway table 11618); «Net in-commuting, share of employed residents» −48.0% (no. 343 of 357 from the top; Statistics Norway table 11616); «Limited companies we follow per 1,000 inhabitants» 49.48 per 1,000 (no. 268 of 347 from the top; Brønnøysund Register Centre, our own calculations). Most distinctive industry: skogbruk og tjenester tilknyttet skogbruk, 7% of the jobs, 29.9 times the national share (Statistics Norway table 13470, 2025).
- No. 355 Fedje (17,146 kr, among the lowest) The municipality does not stand out on the figures that otherwise go together with the measure. The explanation probably lies in something we have no figures for. Most distinctive industry: sjøfart, 6% of the jobs, 10.3 times the national share (Statistics Norway table 13470, 2025).
The analysis describes what goes together, not what causes what. Two figures can follow each other because both depend on something else, such as size, location or industry. The figures are from the latest year available for each source, so the years can differ. Rank correlation runs from −1 to 1; values near 1 mean the municipalities lie in roughly the same order on both measures.
What explains the placing?
- 1. Frøya 1,642,970 kr Nothing in particular to note.
- 2. Sola 1,437,910 kr Nothing in particular to note.
- 3. Lurøy 946,824 kr Small municipality (1,953 inhabitants): one company or a few people can move the figure a lot.
- 355. Fedje 17,146 kr Small municipality (529 inhabitants): one company or a few people can move the figure a lot. Samnøy Maskin AS alone accounts for 58% of the value creation in the municipality.
- 356. Aremark 12,943 kr Small municipality (1,354 inhabitants): one company or a few people can move the figure a lot.
- 357. Leka 12,501 kr Small municipality (596 inhabitants): one company or a few people can move the figure a lot.
| # | Municipality | value creation per inhabitant |
|---|---|---|
| 1 | Frøya | 1,642,970 kr |
| 2 | Sola | 1,437,910 kr |
| 3 | Lurøysmall municipality | 946,824 kr |
| 4 | Herøy (Møre og Romsdal) | 934,846 kr |
| 5 | Austevoll | 899,406 kr |
| 6 | Vindafjord | 866,960 kr |
| 7 | Stavanger | 806,185 kr |
| 8 | Kongsberg | 800,354 kr |
| 9 | Steigensmall municipality · one company dominates | 759,862 kr |
| 10 | Oslo | 727,166 kr |
| 11 | Værøysmall municipality | 691,368 kr |
| 12 | Bærum | 683,664 kr |
| 13 | Overhallasmall municipality · one company dominates | 670,029 kr |
| 14 | Gulensmall municipality | 541,265 kr |
| 15 | Øksnessmall municipality | 530,597 kr |
| 16 | Ibestadsmall municipality | 527,177 kr |
| 17 | Lier | 509,588 kr |
| 18 | Modalensmall municipality · one company dominates | 495,483 kr |
| 19 | Hamarone company dominates | 426,663 kr |
| 20 | Flatangersmall municipality | 413,390 kr |
| 21 | Sandnes | 395,733 kr |
| 22 | Kinn | 382,218 kr |
| 23 | Gildeskålsmall municipality | 379,598 kr |
| 24 | Bømlo | 363,925 kr |
| 25 | Haugesund | 346,083 kr |
| 26 | Vefsnone company dominates | 344,955 kr |
| 27 | Smølasmall municipality | 344,716 kr |
| 28 | Austrheimsmall municipality | 339,527 kr |
| 29 | Gratangensmall municipality | 325,056 kr |
| 30 | Vestby | 322,051 kr |
| 31 | Bergen | 318,989 kr |
| 32 | Flakstadsmall municipality | 318,372 kr |
| 33 | Vestre Totenone company dominates | 317,728 kr |
| 34 | Ulstein | 317,073 kr |
| 35 | Sandesmall municipality | 311,267 kr |
| 36 | Strandasmall municipality | 311,170 kr |
| 37 | Stord | 306,222 kr |
| 38 | Hitraone company dominates | 300,435 kr |
| 39 | Porsgrunn | 299,301 kr |
| 40 | Ålesund | 297,042 kr |
| 41 | Lørenskog | 296,035 kr |
| 42 | Moskenessmall municipality | 294,887 kr |
| 43 | Hamarøysmall municipality | 293,430 kr |
| 44 | Sokndalsmall municipality · one company dominates | 290,578 kr |
| 45 | Haram | 279,033 kr |
| 46 | Nærøysund | 274,448 kr |
| 47 | Loppasmall municipality · one company dominates | 270,471 kr |
| 48 | Røstsmall municipality | 270,442 kr |
| 49 | Hareid | 269,489 kr |
| 50 | Vestvågøy | 269,192 kr |