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
301 Gjemnessmall municipality Møre og Romsdal 2,740 53,461 kr
302 Stange Innlandet 21,839 53,376 kr
303 Eidfjordsmall municipality Vestland 985 53,058 kr
304 Vestre Slidresmall municipality Innlandet 2,190 52,930 kr
305 Rollagsmall municipality Buskerud 1,452 52,513 kr
306 Hattfjelldalsmall municipality Nordland 1,255 52,400 kr
307 Ivelandsmall municipality · one company dominates Agder 1,386 52,366 kr
308 Ossmall municipality Innlandet 1,871 51,032 kr
309 Engerdalsmall municipality Innlandet 1,287 50,432 kr
310 Skiptvetsmall municipality Østfold 3,940 49,974 kr
311 Frostasmall municipality Trøndelag 2,667 49,160 kr
312 Gruesmall municipality · one company dominates Innlandet 4,463 49,118 kr
313 Hvalersmall municipality Østfold 4,714 48,008 kr
314 Sel Innlandet 5,469 47,561 kr
315 Åsnes Innlandet 7,216 47,302 kr
316 Eidsvoll Akershus 28,739 47,096 kr
317 Evenessmall municipality Nordland 1,397 46,429 kr
318 Fjalersmall municipality Vestland 2,948 45,816 kr
319 Våler (Østfold) Østfold 6,229 45,694 kr
320 Tinn Telemark 5,515 45,278 kr
321 Boknsmall municipality · one company dominates Rogaland 907 44,438 kr
322 Tingvollsmall municipality Møre og Romsdal 3,066 44,327 kr
323 Ørland Trøndelag 10,706 43,639 kr
324 Kåfjordsmall municipality Troms 1,939 43,157 kr
325 Rennebusmall municipality Trøndelag 2,514 43,115 kr
326 Masfjordensmall municipality Vestland 1,672 42,937 kr
327 Lunner Akershus 9,463 42,762 kr
328 Vaksdalsmall municipality · one company dominates Vestland 3,899 39,852 kr
329 Karasjoksmall municipality Finnmark 2,524 38,196 kr
330 Hemnessmall municipality Nordland 4,486 36,182 kr
331 Holtålensmall municipality Trøndelag 2,037 35,337 kr
332 Skaun Trøndelag 8,574 34,924 kr
333 Vegårsheismall municipality Agder 2,253 34,047 kr
334 Røyrviksmall municipality Trøndelag 439 34,037 kr
335 Lavangensmall municipality Troms 1,002 33,641 kr
336 Kautokeinosmall municipality Finnmark 2,886 31,655 kr
337 Søndre Land Innlandet 5,603 30,852 kr
338 Grongsmall municipality Trøndelag 2,292 30,677 kr
339 Ulviksmall municipality · one company dominates Vestland 1,114 30,642 kr
340 Nesodden Akershus 21,005 30,122 kr
341 Kvænangensmall municipality Troms 1,125 29,315 kr
342 Nessebysmall municipality Finnmark 874 29,204 kr
343 Rælingen Akershus 20,904 26,466 kr
344 Siljansmall municipality Telemark 2,377 25,996 kr
345 Vevelstadsmall municipality Nordland 477 25,460 kr
346 Snåsasmall municipality Trøndelag 2,141 25,010 kr
347 Samnangersmall municipality Vestland 2,489 24,676 kr
348 Etnedalsmall municipality Innlandet 1,593 24,605 kr
349 Tydalsmall municipality Trøndelag 773 24,580 kr
350 Rendalensmall municipality Innlandet 1,836 24,538 kr