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.

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.

Highest 10
FrøyaFrøya1,642,970 krSolaSola1,437,910 krLurøyLurøy946,824 krHerøy (Møre og Roms…Herøy (Møre og Romsdal)934,846 krAustevollAustevoll899,406 krVindafjordVindafjord866,960 krStavangerStavanger806,185 krKongsbergKongsberg800,354 krSteigenSteigen759,862 krOsloOslo727,166 kr
Lowest 10
LekaLeka12,501 krAremarkAremark12,943 krFedjeFedje17,146 krKvæfjordKvæfjord18,196 krLeirfjordLeirfjord19,516 krByglandBygland20,254 krBarduBardu21,117 krRendalenRendalen24,538 krTydalTydal24,580 krEtnedalEtnedal24,605 kr
How 357 municipalities spread
12,501 kr – 148,373 kr: 225148,373 kr – 284,246 kr: 88284,246 kr – 420,118 kr: 25420,118 kr – 555,991 kr: 6555,991 kr – 691,863 kr: 3691,863 kr – 827,735 kr: 4827,735 kr – 963,608 kr: 4963,608 kr – 1,099,480 kr: 01,099,480 kr – 1,235,352 kr: 01,235,352 kr – 1,371,225 kr: 01,371,225 kr – 1,507,097 kr: 11,507,097 kr – 1,642,970 kr: 112,501 kr1,642,970 krvalue creation per inhabitant →

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

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
151 Alta Finnmark 22,074 133,257 kr
152 Heimone company dominates Trøndelag 6,075 131,986 kr
153 Larvik Vestfold 49,022 131,501 kr
154 Evje og Hornnessmall municipality Agder 3,842 131,049 kr
155 Våler (Innlandet)small municipality · one company dominates Innlandet 3,614 130,680 kr
156 Nesbyensmall municipality Buskerud 3,234 130,056 kr
157 Halden Østfold 32,082 129,413 kr
158 Karlsøysmall municipality · one company dominates Troms 2,235 129,249 kr
159 Alver Vestland 30,285 128,613 kr
160 Strand Rogaland 13,959 128,595 kr
161 Skien Telemark 56,906 128,525 kr
162 Øvre Eiker Buskerud 20,965 128,262 kr
163 Ringerike Buskerud 31,942 128,078 kr
164 Narvik Nordland 21,647 128,069 kr
165 Golsmall municipality Buskerud 4,902 127,681 kr
166 Nome Telemark 6,529 127,113 kr
167 Høyangersmall municipality Vestland 3,883 126,953 kr
168 Stad Vestland 9,616 126,643 kr
169 Fjordsmall municipality Møre og Romsdal 2,547 126,169 kr
170 Dovresmall municipality Innlandet 2,523 125,560 kr
171 Båtsfjordsmall municipality Finnmark 2,104 124,417 kr
172 Bindalsmall municipality · one company dominates Nordland 1,361 124,379 kr
173 Askvollsmall municipality Vestland 2,924 123,666 kr
174 Lyngdal Agder 10,922 121,964 kr
175 Jevnaker Akershus 7,040 121,377 kr
176 Askøy Vestland 30,600 121,042 kr
177 Alvdalsmall municipality Innlandet 2,492 120,771 kr
178 Markersmall municipality Østfold 3,647 120,685 kr
179 Bremangersmall municipality Vestland 3,381 119,685 kr
180 Sirdalsmall municipality Agder 1,911 119,603 kr
181 Ål Buskerud 5,106 118,040 kr
182 Orkland Trøndelag 18,840 117,231 kr
183 Kvinnherad Vestland 13,236 117,155 kr
184 Ringsaker Innlandet 36,199 116,926 kr
185 Rødøysmall municipality Nordland 1,140 116,303 kr
186 Fitjarsmall municipality Vestland 3,237 115,721 kr
187 Nore og Uvdalsmall municipality Buskerud 2,459 113,374 kr
188 Lindesnes Agder 23,702 112,242 kr
189 Berlevågsmall municipality Finnmark 864 112,119 kr
190 Bøsmall municipality · one company dominates Nordland 2,609 111,792 kr
191 Vennesla Agder 15,772 110,552 kr
192 Kristiansund Møre og Romsdal 24,479 110,409 kr
193 Kongsvinger Innlandet 18,191 109,255 kr
194 Risør Agder 6,683 109,224 kr
195 Utsirasmall municipality · one company dominates Rogaland 219 108,892 kr
196 Brønnøy Nordland 7,841 108,664 kr
197 Vågåsmall municipality Innlandet 3,553 108,545 kr
198 Voss Vestland 16,438 108,275 kr
199 Kvam Vestland 8,490 108,087 kr
200 Sør-Odal Innlandet 8,165 107,099 kr