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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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.
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 (strong association, rank correlation 0.51 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 (strong association, rank correlation 0.51 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 0.44 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 0.34 across 347 municipalities; Brønnøysund Register Centre, our own calculations).
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 | value creation per inhabitant |
|---|---|---|
| 201 | Oppdal | 114,447 kr |
| 202 | Vadsø | 114,253 kr |
| 203 | Froland | 114,202 kr |
| 204 | Tynset | 113,377 kr |
| 205 | Nore og Uvdalsmall municipality | 113,374 kr |
| 206 | Bøsmall municipality · one company dominates | 113,185 kr |
| 207 | Risør | 113,034 kr |
| 208 | Sigdalsmall municipality | 112,525 kr |
| 209 | Luster | 112,502 kr |
| 210 | Kragerø | 112,356 kr |
| 211 | Berlevågsmall municipality | 112,119 kr |
| 212 | Namsos | 111,296 kr |
| 213 | Brønnøy | 111,281 kr |
| 214 | Sunndal | 110,578 kr |
| 215 | Storfjordsmall municipality | 110,577 kr |
| 216 | Harstad | 110,426 kr |
| 217 | Hasviksmall municipality | 110,044 kr |
| 218 | Inderøy | 109,601 kr |
| 219 | Sunnfjord | 109,083 kr |
| 220 | Utsirasmall municipality · one company dominates | 108,892 kr |
| 221 | Tjeldsundsmall municipality | 108,723 kr |
| 222 | Midtre Gauldal | 108,543 kr |
| 223 | Fauske | 108,412 kr |
| 224 | Nordreisasmall municipality | 107,792 kr |
| 225 | Nord-Odalsmall municipality | 107,591 kr |
| 226 | Sør-Odal | 107,099 kr |
| 227 | Hustadvika | 106,466 kr |
| 228 | Vinjesmall municipality | 106,219 kr |
| 229 | Auresmall municipality | 104,709 kr |
| 230 | Eidskog | 103,841 kr |
| 231 | Fyresdalsmall municipality | 102,156 kr |
| 232 | Verdal | 101,839 kr |
| 233 | Rakkestad | 101,405 kr |
| 234 | Saltdalsmall municipality | 100,485 kr |
| 235 | Birkenes | 99,014 kr |
| 236 | Alstahaug | 97,693 kr |
| 237 | Vangsmall municipality | 96,600 kr |
| 238 | Etnesmall municipality | 96,512 kr |
| 239 | Åseralsmall municipality | 96,342 kr |
| 240 | Hurdalsmall municipality · one company dominates | 96,311 kr |
| 241 | Volda | 95,821 kr |
| 242 | Bjerkreimsmall municipality | 95,742 kr |
| 243 | Midt-Telemark | 94,561 kr |
| 244 | Trænasmall municipality · one company dominates | 94,406 kr |
| 245 | Skjåksmall municipality | 93,909 kr |
| 246 | Lebesbysmall municipality | 92,995 kr |
| 247 | Lomsmall municipality | 92,823 kr |
| 248 | Farsund | 92,472 kr |
| 249 | Øystre Slidresmall municipality | 91,918 kr |
| 250 | Vardøsmall municipality | 91,820 kr |