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
251 Farsund Agder 9,949 82,559 kr
252 Levanger Trøndelag - Trööndelage 20,807 82,197 kr
253 Birkenes Agder 5,447 81,808 kr
254 Sør-Aurdalsmall municipality Innlandet 2,841 81,115 kr
255 Granesmall municipality · one company dominates Nordland - Nordlánnda 1,415 78,132 kr
256 Sogndal Vestland 12,552 77,800 kr
257 Drangedalsmall municipality Telemark 4,056 77,761 kr
258 Lesjasmall municipality Innlandet 1,966 77,747 kr
259 Gausdal Innlandet 6,147 76,961 kr
260 Etnesmall municipality Vestland 4,115 76,614 kr
261 Elverum Innlandet 21,937 76,510 kr
262 Vallesmall municipality Agder 1,209 74,907 kr
263 Lomsmall municipality Innlandet 2,239 73,938 kr
264 Flesbergsmall municipality Buskerud 2,790 73,186 kr
265 Folldalsmall municipality · one company dominates Innlandet 1,525 72,789 kr
266 Nannestad Akershus 16,662 72,714 kr
267 Øystre Slidresmall municipality Innlandet 3,347 72,473 kr
268 Tanasmall municipality Finnmark - Finnmárku - Finmarkku 2,806 71,518 kr
269 Åseralsmall municipality Agder 904 71,468 kr
270 Målselv Troms - Romsa - Tromssa 6,819 71,439 kr
271 Enebakk Akershus 11,697 71,357 kr
272 Gjerdrum Akershus 7,478 71,167 kr
273 Melhus Trøndelag - Trööndelage 17,828 70,092 kr
274 Indre Fosen Trøndelag - Trööndelage 10,006 68,908 kr
275 Sørreisasmall municipality Troms - Romsa - Tromssa 3,528 67,410 kr
276 Høylandetsmall municipality Trøndelag - Trööndelage 1,230 66,952 kr
277 Rindalsmall municipality Trøndelag - Trööndelage 1,935 66,645 kr
278 Malvik Trøndelag - Trööndelage 14,961 66,580 kr
279 Trænasmall municipality · one company dominates Nordland - Nordlánnda 443 66,070 kr
280 Meråkersmall municipality Trøndelag - Trööndelage 2,460 65,375 kr
281 Tvedestrand Agder 6,430 64,639 kr
282 Nes Akershus 24,948 63,968 kr
283 Aurskog-Høland Akershus 18,458 63,880 kr
284 Nissedalsmall municipality Telemark 1,509 61,402 kr
285 Notodden Telemark 13,389 60,304 kr
286 Dyrøysmall municipality Troms - Romsa - Tromssa 1,077 59,863 kr
287 Porsangersmall municipality Finnmark - Finnmárku - Finmarkku 3,906 59,855 kr
288 Årdal Vestland 5,178 58,884 kr
289 Beiarnsmall municipality · one company dominates Nordland - Nordlánnda 1,032 58,218 kr
290 Kvinesdal Agder 6,242 58,042 kr
291 Vegasmall municipality Nordland - Nordlánnda 1,202 57,968 kr
292 Sømnasmall municipality Nordland - Nordlánnda 2,006 57,429 kr
293 Østre Toten Innlandet 14,925 57,324 kr
294 Sveio Vestland 5,766 57,115 kr
295 Løten Innlandet 7,951 56,293 kr
296 Stor-Elvdalsmall municipality Innlandet 2,239 56,125 kr
297 Sør-Fronsmall municipality Innlandet 3,108 55,468 kr
298 Balsfjord Troms - Romsa - Tromssa 5,625 55,013 kr
299 Færder Vestfold 27,743 54,693 kr
300 Åmotsmall municipality Innlandet 4,191 54,273 kr