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
51 Hammerfest Finnmark - Finnmárku - Finmarkku 11,391 266,616 kr
52 Saudasmall municipality · one company dominates Rogaland 4,603 263,217 kr
53 Viksmall municipality Vestland 2,532 260,663 kr
54 Krødsheradsmall municipality Buskerud 2,276 258,807 kr
55 Kristiansand Agder 119,287 258,282 kr
56 Ullensaker Akershus 45,982 255,847 kr
57 Kvitsøysmall municipality · one company dominates Rogaland 579 252,348 kr
58 Vanylvensmall municipality · one company dominates Møre og Romsdal 3,029 251,634 kr
59 Lundsmall municipality · one company dominates Rogaland 3,229 250,089 kr
60 Solundsmall municipality Vestland 742 247,615 kr
61 Nesnasmall municipality Nordland - Nordlánnda 1,796 247,214 kr
62 Andøysmall municipality · one company dominates Nordland - Nordlánnda 4,525 246,359 kr
63 Aurlandsmall municipality Vestland 1,866 241,982 kr
64 Herøy (Nordland)small municipality Nordland - Nordlánnda 1,874 233,051 kr
65 Tokkesmall municipality Telemark 2,242 225,172 kr
66 Lillestrøm Akershus 96,771 222,870 kr
67 Holsmall municipality Buskerud 4,552 222,576 kr
68 Karmøy Rogaland 43,990 221,372 kr
69 Stryn Vestland 7,319 221,161 kr
70 Molde Møre og Romsdal 33,291 219,531 kr
71 Tysnessmall municipality Vestland 3,053 218,744 kr
72 Vågan Nordland - Nordlánnda 9,905 215,826 kr
73 Asker Akershus 101,509 215,642 kr
74 Trondheim Trøndelag - Trööndelage 218,460 214,982 kr
75 Giske Møre og Romsdal 8,828 209,726 kr
76 Hå Rogaland 20,087 207,145 kr
77 Horten Vestfold 28,173 197,973 kr
78 Rauma Møre og Romsdal 7,195 197,943 kr
79 Bjørnafjorden Vestland 26,753 196,640 kr
80 Randaberg Rogaland 11,841 196,629 kr
81 Surnadal Møre og Romsdal 5,982 196,561 kr
82 Byklesmall municipality Agder 1,057 196,295 kr
83 Sandefjord Vestfold 67,062 195,423 kr
84 Gloppen Vestland 5,976 195,399 kr
85 Gjerstadsmall municipality · one company dominates Agder 2,502 194,828 kr
86 Sykkylven Møre og Romsdal 7,626 194,595 kr
87 Aukrasmall municipality · one company dominates Møre og Romsdal 3,780 194,472 kr
88 Råde Østfold 7,892 194,252 kr
89 Hadsel Nordland - Nordlánnda 8,374 193,793 kr
90 Lødingensmall municipality Nordland - Nordlánnda 1,964 193,301 kr
91 Bodø Nordland - Nordlánnda 53,638 193,300 kr
92 Sortland Nordland - Nordlánnda 10,748 190,891 kr
93 Sørfoldsmall municipality · one company dominates Nordland - Nordlánnda 1,819 189,474 kr
94 Åfjordsmall municipality Trøndelag - Trööndelage 4,340 187,256 kr
95 Ørsta Møre og Romsdal 11,068 185,095 kr
96 Nittedal Akershus 26,032 183,999 kr
97 Ås Akershus 22,725 181,330 kr
98 Rana Nordland - Nordlánnda 25,844 181,124 kr
99 Namsskogansmall municipality · one company dominates Trøndelag - Trööndelage 803 180,149 kr
100 Lyngensmall municipality Troms - Romsa - Tromssa 2,732 179,588 kr