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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1,642,970 krHighest: Frøya
119,685 krMedian of the municipalities
12,501 krLowest: Leka

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

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 County Inhabitants value creation per inhabitant
1 Frøya Trøndelag - Trööndelage 5,794 1,642,970 kr
2 Sola Rogaland 29,541 1,437,910 kr
3 Lurøysmall municipality Nordland - Nordlánnda 1,953 946,824 kr
4 Herøy (Møre og Romsdal) Møre og Romsdal 9,003 934,846 kr
5 Austevoll Vestland 5,515 899,406 kr
6 Vindafjord Rogaland 9,181 866,960 kr
7 Stavanger Rogaland 151,669 806,185 kr
8 Kongsberg Buskerud 29,169 800,354 kr
9 Steigensmall municipality · one company dominates Nordland - Nordlánnda 2,679 759,862 kr
10 Oslo Oslo - Oslove 728,714 727,166 kr
11 Værøysmall municipality Nordland - Nordlánnda 656 691,368 kr
12 Bærum Akershus 133,228 683,664 kr
13 Overhallasmall municipality · one company dominates Trøndelag - Trööndelage 3,944 670,029 kr
14 Gulensmall municipality Vestland 2,301 541,265 kr
15 Øksnessmall municipality Nordland - Nordlánnda 4,613 530,597 kr
16 Ibestadsmall municipality Troms - Romsa - Tromssa 1,287 527,177 kr
17 Lier Buskerud 28,797 509,588 kr
18 Modalensmall municipality · one company dominates Vestland 397 495,483 kr
19 Hamarone company dominates Innlandet 33,817 426,663 kr
20 Flatangersmall municipality Trøndelag - Trööndelage 1,110 413,390 kr
21 Sandnes Rogaland 85,785 395,733 kr
22 Kinn Vestland 17,356 382,218 kr
23 Gildeskålsmall municipality Nordland - Nordlánnda 2,024 379,598 kr
24 Bømlo Vestland 12,531 363,925 kr
25 Haugesund Rogaland 38,663 346,083 kr
26 Vefsnone company dominates Nordland - Nordlánnda 13,481 344,955 kr
27 Smølasmall municipality Møre og Romsdal 2,141 344,716 kr
28 Austrheimsmall municipality Vestland 2,947 339,527 kr
29 Gratangensmall municipality Troms - Romsa - Tromssa 1,062 325,056 kr
30 Vestby Akershus 20,167 322,051 kr
31 Bergen Vestland 294,860 318,989 kr
32 Flakstadsmall municipality Nordland - Nordlánnda 1,235 318,372 kr
33 Vestre Totenone company dominates Innlandet 13,612 317,728 kr
34 Ulstein Møre og Romsdal 8,958 317,073 kr
35 Sandesmall municipality Møre og Romsdal 2,437 311,267 kr
36 Strandasmall municipality Møre og Romsdal 4,333 311,170 kr
37 Stord Vestland 19,276 306,222 kr
38 Hitraone company dominates Trøndelag - Trööndelage 5,568 300,435 kr
39 Porsgrunn Telemark 37,435 299,301 kr
40 Ålesund Møre og Romsdal 59,663 297,042 kr
41 Lørenskog Akershus 51,511 296,035 kr
42 Moskenessmall municipality Nordland - Nordlánnda 976 294,887 kr
43 Hamarøysmall municipality Nordland - Nordlánnda 2,808 293,430 kr
44 Sokndalsmall municipality · one company dominates Rogaland 3,356 290,578 kr
45 Haram Møre og Romsdal 9,460 279,033 kr
46 Nærøysund Trøndelag - Trööndelage 9,920 274,448 kr
47 Loppasmall municipality · one company dominates Finnmark - Finnmárku - Finmarkku 846 270,471 kr
48 Røstsmall municipality Nordland - Nordlánnda 471 270,442 kr
49 Hareid Møre og Romsdal 5,411 269,489 kr
50 Vestvågøy Nordland - Nordlánnda 11,606 269,192 kr