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.
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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 |
|---|---|---|
| 1 | Frøya | 1,659,715 kr |
| 2 | Sola | 1,462,509 kr |
| 3 | Herøy (Møre og Romsdal) | 971,975 kr |
| 4 | Lurøysmall municipality | 971,469 kr |
| 5 | Austevoll | 917,092 kr |
| 6 | Vindafjord | 901,133 kr |
| 7 | Stavanger | 817,814 kr |
| 8 | Kongsberg | 816,498 kr |
| 9 | Oslo | 764,239 kr |
| 10 | Steigensmall municipality · one company dominates | 762,696 kr |
| 11 | Bærum | 703,915 kr |
| 12 | Værøysmall municipality | 691,368 kr |
| 13 | Overhallasmall municipality · one company dominates | 691,191 kr |
| 14 | Gulensmall municipality | 574,624 kr |
| 15 | Ibestadsmall municipality | 552,865 kr |
| 16 | Øksnessmall municipality | 546,328 kr |
| 17 | Lier | 518,308 kr |
| 18 | Modalensmall municipality · one company dominates | 495,483 kr |
| 19 | Hamarone company dominates | 444,073 kr |
| 20 | Flatangersmall municipality | 415,058 kr |
| 21 | Sandnes | 413,819 kr |
| 22 | Kinn | 406,176 kr |
| 23 | Aurlandsmall municipality | 395,390 kr |
| 24 | Gildeskålsmall municipality | 379,598 kr |
| 25 | Bømlo | 378,525 kr |
| 26 | Haugesund | 365,189 kr |
| 27 | Vefsnone company dominates | 354,739 kr |
| 28 | Smølasmall municipality | 354,004 kr |
| 29 | Sokndalsmall municipality · one company dominates | 352,259 kr |
| 30 | Flakstadsmall municipality | 350,778 kr |
| 31 | Krødsheradsmall municipality | 346,544 kr |
| 32 | Austrheimsmall municipality | 344,584 kr |
| 33 | Ulstein | 339,310 kr |
| 34 | Strandasmall municipality | 338,829 kr |
| 35 | Bergen | 336,267 kr |
| 36 | Vestby | 330,907 kr |
| 37 | Sandesmall municipality | 329,041 kr |
| 38 | Vestre Totenone company dominates | 328,768 kr |
| 39 | Gratangensmall municipality | 325,056 kr |
| 40 | Stord | 322,739 kr |
| 41 | Porsgrunn | 314,585 kr |
| 42 | Ålesund | 309,188 kr |
| 43 | Hitraone company dominates | 306,837 kr |
| 44 | Hamarøysmall municipality | 305,617 kr |
| 45 | Moskenessmall municipality | 301,937 kr |
| 46 | Lørenskog | 300,327 kr |
| 47 | Viksmall municipality | 288,588 kr |
| 48 | Haram | 286,862 kr |
| 49 | Nærøysund | 285,293 kr |
| 50 | Saudasmall municipality · one company dominates | 280,124 kr |