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.
The picture in figures
The bars show the ten highest and the ten lowest of 357 municipalities. The dashed line is the median of all municipalities.
Each bar is the number of municipalities in a range of values. The dashed line is the median. Hover over a bar to see the range.
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 |
|---|---|---|
| 151 | Alta | 133,257 kr |
| 152 | Heimone company dominates | 131,986 kr |
| 153 | Larvik | 131,501 kr |
| 154 | Evje og Hornnessmall municipality | 131,049 kr |
| 155 | Våler (Innlandet)small municipality · one company dominates | 130,680 kr |
| 156 | Nesbyensmall municipality | 130,056 kr |
| 157 | Halden | 129,413 kr |
| 158 | Karlsøysmall municipality · one company dominates | 129,249 kr |
| 159 | Alver | 128,613 kr |
| 160 | Strand | 128,595 kr |
| 161 | Skien | 128,525 kr |
| 162 | Øvre Eiker | 128,262 kr |
| 163 | Ringerike | 128,078 kr |
| 164 | Narvik | 128,069 kr |
| 165 | Golsmall municipality | 127,681 kr |
| 166 | Nome | 127,113 kr |
| 167 | Høyangersmall municipality | 126,953 kr |
| 168 | Stad | 126,643 kr |
| 169 | Fjordsmall municipality | 126,169 kr |
| 170 | Dovresmall municipality | 125,560 kr |
| 171 | Båtsfjordsmall municipality | 124,417 kr |
| 172 | Bindalsmall municipality · one company dominates | 124,379 kr |
| 173 | Askvollsmall municipality | 123,666 kr |
| 174 | Lyngdal | 121,964 kr |
| 175 | Jevnaker | 121,377 kr |
| 176 | Askøy | 121,042 kr |
| 177 | Alvdalsmall municipality | 120,771 kr |
| 178 | Markersmall municipality | 120,685 kr |
| 179 | Bremangersmall municipality | 119,685 kr |
| 180 | Sirdalsmall municipality | 119,603 kr |
| 181 | Ål | 118,040 kr |
| 182 | Orkland | 117,231 kr |
| 183 | Kvinnherad | 117,155 kr |
| 184 | Ringsaker | 116,926 kr |
| 185 | Rødøysmall municipality | 116,303 kr |
| 186 | Fitjarsmall municipality | 115,721 kr |
| 187 | Nore og Uvdalsmall municipality | 113,374 kr |
| 188 | Lindesnes | 112,242 kr |
| 189 | Berlevågsmall municipality | 112,119 kr |
| 190 | Bøsmall municipality · one company dominates | 111,792 kr |
| 191 | Vennesla | 110,552 kr |
| 192 | Kristiansund | 110,409 kr |
| 193 | Kongsvinger | 109,255 kr |
| 194 | Risør | 109,224 kr |
| 195 | Utsirasmall municipality · one company dominates | 108,892 kr |
| 196 | Brønnøy | 108,664 kr |
| 197 | Vågåsmall municipality | 108,545 kr |
| 198 | Voss | 108,275 kr |
| 199 | Kvam | 108,087 kr |
| 200 | Sør-Odal | 107,099 kr |