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 |
|---|---|---|
| 51 | Hammerfest | 266,616 kr |
| 52 | Saudasmall municipality · one company dominates | 263,217 kr |
| 53 | Viksmall municipality | 260,663 kr |
| 54 | Krødsheradsmall municipality | 258,807 kr |
| 55 | Kristiansand | 258,282 kr |
| 56 | Ullensaker | 255,847 kr |
| 57 | Kvitsøysmall municipality · one company dominates | 252,348 kr |
| 58 | Vanylvensmall municipality · one company dominates | 251,634 kr |
| 59 | Lundsmall municipality · one company dominates | 250,089 kr |
| 60 | Solundsmall municipality | 247,615 kr |
| 61 | Nesnasmall municipality | 247,214 kr |
| 62 | Andøysmall municipality · one company dominates | 246,359 kr |
| 63 | Aurlandsmall municipality | 241,982 kr |
| 64 | Herøy (Nordland)small municipality | 233,051 kr |
| 65 | Tokkesmall municipality | 225,172 kr |
| 66 | Lillestrøm | 222,870 kr |
| 67 | Holsmall municipality | 222,576 kr |
| 68 | Karmøy | 221,372 kr |
| 69 | Stryn | 221,161 kr |
| 70 | Molde | 219,531 kr |
| 71 | Tysnessmall municipality | 218,744 kr |
| 72 | Vågan | 215,826 kr |
| 73 | Asker | 215,642 kr |
| 74 | Trondheim | 214,982 kr |
| 75 | Giske | 209,726 kr |
| 76 | Hå | 207,145 kr |
| 77 | Horten | 197,973 kr |
| 78 | Rauma | 197,943 kr |
| 79 | Bjørnafjorden | 196,640 kr |
| 80 | Randaberg | 196,629 kr |
| 81 | Surnadal | 196,561 kr |
| 82 | Byklesmall municipality | 196,295 kr |
| 83 | Sandefjord | 195,423 kr |
| 84 | Gloppen | 195,399 kr |
| 85 | Gjerstadsmall municipality · one company dominates | 194,828 kr |
| 86 | Sykkylven | 194,595 kr |
| 87 | Aukrasmall municipality · one company dominates | 194,472 kr |
| 88 | Råde | 194,252 kr |
| 89 | Hadsel | 193,793 kr |
| 90 | Lødingensmall municipality | 193,301 kr |
| 91 | Bodø | 193,300 kr |
| 92 | Sortland | 190,891 kr |
| 93 | Sørfoldsmall municipality · one company dominates | 189,474 kr |
| 94 | Åfjordsmall municipality | 187,256 kr |
| 95 | Ørsta | 185,095 kr |
| 96 | Nittedal | 183,999 kr |
| 97 | Ås | 181,330 kr |
| 98 | Rana | 181,124 kr |
| 99 | Namsskogansmall municipality · one company dominates | 180,149 kr |
| 100 | Lyngensmall municipality | 179,588 kr |