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 5 November 2026.

Download the table (CSV) Sharing image (PNG)

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
1 Frøya Trøndelag 5,794 1,659,715 kr
2 Sola Rogaland 29,541 1,462,509 kr
3 Herøy (Møre og Romsdal) Møre og Romsdal 9,003 971,975 kr
4 Lurøysmall municipality Nordland 1,953 971,469 kr
5 Austevoll Vestland 5,515 917,092 kr
6 Vindafjord Rogaland 9,181 901,133 kr
7 Stavanger Rogaland 151,669 817,814 kr
8 Kongsberg Buskerud 29,169 816,498 kr
9 Oslo Oslo 728,714 764,239 kr
10 Steigensmall municipality · one company dominates Nordland 2,679 762,696 kr
11 Bærum Akershus 133,228 703,915 kr
12 Værøysmall municipality Nordland 656 691,368 kr
13 Overhallasmall municipality · one company dominates Trøndelag 3,944 691,191 kr
14 Gulensmall municipality Vestland 2,301 574,624 kr
15 Ibestadsmall municipality Troms 1,287 552,865 kr
16 Øksnessmall municipality Nordland 4,613 546,328 kr
17 Lier Buskerud 28,797 518,308 kr
18 Modalensmall municipality · one company dominates Vestland 397 495,483 kr
19 Hamarone company dominates Innlandet 33,817 444,073 kr
20 Flatangersmall municipality Trøndelag 1,110 415,058 kr
21 Sandnes Rogaland 85,785 413,819 kr
22 Kinn Vestland 17,356 406,176 kr
23 Aurlandsmall municipality Vestland 1,866 395,390 kr
24 Gildeskålsmall municipality Nordland 2,024 379,598 kr
25 Bømlo Vestland 12,531 378,525 kr
26 Haugesund Rogaland 38,663 365,189 kr
27 Vefsnone company dominates Nordland 13,481 354,739 kr
28 Smølasmall municipality Møre og Romsdal 2,141 354,004 kr
29 Sokndalsmall municipality · one company dominates Rogaland 3,356 352,259 kr
30 Flakstadsmall municipality Nordland 1,235 350,778 kr
31 Krødsheradsmall municipality Buskerud 2,276 346,544 kr
32 Austrheimsmall municipality Vestland 2,947 344,584 kr
33 Ulstein Møre og Romsdal 8,958 339,310 kr
34 Strandasmall municipality Møre og Romsdal 4,333 338,829 kr
35 Bergen Vestland 294,860 336,267 kr
36 Vestby Akershus 20,167 330,907 kr
37 Sandesmall municipality Møre og Romsdal 2,437 329,041 kr
38 Vestre Totenone company dominates Innlandet 13,612 328,768 kr
39 Gratangensmall municipality Troms 1,062 325,056 kr
40 Stord Vestland 19,276 322,739 kr
41 Porsgrunn Telemark 37,435 314,585 kr
42 Ålesund Møre og Romsdal 59,663 309,188 kr
43 Hitraone company dominates Trøndelag 5,568 306,837 kr
44 Hamarøysmall municipality Nordland 2,808 305,617 kr
45 Moskenessmall municipality Nordland 976 301,937 kr
46 Lørenskog Akershus 51,511 300,327 kr
47 Viksmall municipality Vestland 2,532 288,588 kr
48 Haram Møre og Romsdal 9,460 286,862 kr
49 Nærøysund Trøndelag 9,920 285,293 kr
50 Saudasmall municipality · one company dominates Rogaland 4,603 280,124 kr