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 1,659,715 kr (2025). The lowest is Leka at 12,501 kr. Source: Brønnøysundregistrene (Regnskapsregisteret), processed by Morning Analytics 4 November 2026.

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1,659,715 krHighest: Frøya
127,489 krMedian of the municipalities
12,501 krLowest: Leka

Based on 116,480 limited companies with accounts for 2025. 33,807 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
FrøyaFrøya1,659,715 krSolaSola1,462,509 krHerøy (Møre og Ro…Herøy (Møre og Romsdal)971,975 krLurøyLurøy971,469 krAustevollAustevoll917,092 krVindafjordVindafjord901,133 krStavangerStavanger817,814 krKongsbergKongsberg816,498 krOsloOslo764,239 krSteigenSteigen762,696 kr
Lowest 10
LekaLeka12,501 krFedjeFedje12,895 krAremarkAremark12,943 krLeirfjordLeirfjord19,516 krKvæfjordKvæfjord20,173 krEtnedalEtnedal24,605 krVevelstadVevelstad25,460 krRælingenRælingen28,166 krSnåsaSnåsa28,953 krNessebyNesseby29,204 kr
How 357 municipalities spread
12,501 kr – 149,769 kr: 220149,769 kr – 287,037 kr: 90287,037 kr – 424,305 kr: 28424,305 kr – 561,572 kr: 5561,572 kr – 698,840 kr: 3698,840 kr – 836,108 kr: 5836,108 kr – 973,376 kr: 4973,376 kr – 1,110,644 kr: 01,110,644 kr – 1,247,912 kr: 01,247,912 kr – 1,385,179 kr: 01,385,179 kr – 1,522,447 kr: 11,522,447 kr – 1,659,715 kr: 112,501 kr1,659,715 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 (1,659,715 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 (1,462,509 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 Herøy (Møre og Romsdal) (971,975 kr) Fits the pattern: «Gross income per person aged 17 and over, mean» 648,800 kr (no. 20 of 357 from the top; Statistics Norway table 03068); «Job coverage (jobs per employed resident)» 105.7% (no. 45 of 357 from the top; Statistics Norway table 11618); «Net in-commuting, share of employed residents» 6.0% (no. 45 of 357 from the top; Statistics Norway table 11616). Most distinctive industry: fiske, fangst og akvakultur, 7% of the jobs, 9.2 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. 342 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 Fedje (12,895 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).
  • No. 355 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. 269 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).

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 1,659,715 kr Nothing in particular to note.
  • 2. Sola 1,462,509 kr Nothing in particular to note.
  • 3. Herøy (Møre og Romsdal) 971,975 kr Nothing in particular to note.
  • 355. Aremark 12,943 kr Small municipality (1,354 inhabitants): one company or a few people can move the figure a lot.
  • 356. Fedje 12,895 kr Small municipality (529 inhabitants): one company or a few people can move the figure a lot. Samnøy Maskin AS alone accounts for 77% of the value creation in the municipality.
  • 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
201 Oppdal Trøndelag 7,421 114,447 kr
202 Vadsø Finnmark 5,808 114,253 kr
203 Froland Agder 6,299 114,202 kr
204 Tynset Innlandet 5,762 113,377 kr
205 Nore og Uvdalsmall municipality Buskerud 2,459 113,374 kr
206 Bøsmall municipality · one company dominates Nordland 2,609 113,185 kr
207 Risør Agder 6,683 113,034 kr
208 Sigdalsmall municipality Buskerud 3,514 112,525 kr
209 Luster Vestland 5,478 112,502 kr
210 Kragerø Telemark 10,378 112,356 kr
211 Berlevågsmall municipality Finnmark 864 112,119 kr
212 Namsos Trøndelag 15,112 111,296 kr
213 Brønnøy Nordland 7,841 111,281 kr
214 Sunndal Møre og Romsdal 7,094 110,578 kr
215 Storfjordsmall municipality Troms 1,848 110,577 kr
216 Harstad Troms 25,204 110,426 kr
217 Hasviksmall municipality Finnmark 987 110,044 kr
218 Inderøy Trøndelag 7,066 109,601 kr
219 Sunnfjord Vestland 22,804 109,083 kr
220 Utsirasmall municipality · one company dominates Rogaland 219 108,892 kr
221 Tjeldsundsmall municipality Troms 4,144 108,723 kr
222 Midtre Gauldal Trøndelag 6,088 108,543 kr
223 Fauske Nordland 9,707 108,412 kr
224 Nordreisasmall municipality Troms 4,863 107,792 kr
225 Nord-Odalsmall municipality Innlandet 4,978 107,591 kr
226 Sør-Odal Innlandet 8,165 107,099 kr
227 Hustadvika Møre og Romsdal 13,538 106,466 kr
228 Vinjesmall municipality Telemark 3,829 106,219 kr
229 Auresmall municipality Møre og Romsdal 3,371 104,709 kr
230 Eidskog Innlandet 6,103 103,841 kr
231 Fyresdalsmall municipality Telemark 1,274 102,156 kr
232 Verdal Trøndelag 15,435 101,839 kr
233 Rakkestad Østfold 8,583 101,405 kr
234 Saltdalsmall municipality Nordland 4,865 100,485 kr
235 Birkenes Agder 5,447 99,014 kr
236 Alstahaug Nordland 7,489 97,693 kr
237 Vangsmall municipality Innlandet 1,666 96,600 kr
238 Etnesmall municipality Vestland 4,115 96,512 kr
239 Åseralsmall municipality Agder 904 96,342 kr
240 Hurdalsmall municipality · one company dominates Akershus 3,078 96,311 kr
241 Volda Møre og Romsdal 11,009 95,821 kr
242 Bjerkreimsmall municipality Rogaland 2,894 95,742 kr
243 Midt-Telemark Telemark 11,157 94,561 kr
244 Trænasmall municipality · one company dominates Nordland 443 94,406 kr
245 Skjåksmall municipality Innlandet 2,185 93,909 kr
246 Lebesbysmall municipality Finnmark 1,249 92,995 kr
247 Lomsmall municipality Innlandet 2,239 92,823 kr
248 Farsund Agder 9,949 92,472 kr
249 Øystre Slidresmall municipality Innlandet 3,347 91,918 kr
250 Vardøsmall municipality Finnmark 1,969 91,820 kr