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
101 Klepp Rogaland 21,444 179,036 kr
102 Hjelmelandsmall municipality Rogaland 2,612 178,442 kr
103 Sør-Varangerone company dominates Finnmark - Finnmárku - Finmarkku 9,947 177,985 kr
104 Lillesand Agder 11,822 177,768 kr
105 Tromsø Troms - Romsa - Tromssa 79,943 176,392 kr
106 Salangensmall municipality Troms - Romsa - Tromssa 2,132 174,745 kr
107 Måsøysmall municipality Finnmark - Finnmárku - Finmarkku 1,089 174,731 kr
108 Senja Troms - Romsa - Tromssa 14,946 170,755 kr
109 Modum Buskerud 14,776 169,778 kr
110 Suldalsmall municipality · one company dominates Rogaland 3,891 168,491 kr
111 Nordre Follo Akershus 65,381 168,005 kr
112 Hægebostadsmall municipality Agder 1,794 167,817 kr
113 Averøy Møre og Romsdal 6,007 167,212 kr
114 Tønsberg Vestfold 60,246 165,772 kr
115 Eigersund Rogaland 15,546 165,112 kr
116 Arendal Agder 46,603 164,731 kr
117 Holmestrand Vestfold 27,086 163,552 kr
118 Nordkappsmall municipality Finnmark - Finnmárku - Finmarkku 2,945 161,116 kr
119 Drammen Buskerud 106,013 160,767 kr
120 Vestnes Møre og Romsdal 7,315 158,857 kr
121 Seljordsmall municipality Telemark 2,959 155,831 kr
122 Bamble Telemark 14,267 155,140 kr
123 Gjøvik Innlandet 31,350 154,366 kr
124 Trysilone company dominates Innlandet 6,474 153,613 kr
125 Steinkjer Trøndelag - Trööndelage 24,007 152,220 kr
126 Time Rogaland 20,461 152,215 kr
127 Selbusmall municipality · one company dominates Trøndelag - Trööndelage 4,258 151,932 kr
128 Flekkefjord Agder 9,373 151,752 kr
129 Osensmall municipality · one company dominates Trøndelag - Trööndelage 911 150,164 kr
130 Ullensvang Vestland 10,929 149,125 kr
131 Dønnasmall municipality Nordland - Nordlánnda 1,445 148,994 kr
132 Sula Møre og Romsdal 9,798 148,447 kr
133 Hyllestadsmall municipality · one company dominates Vestland 1,275 147,729 kr
134 Osterøy Vestland 8,231 146,091 kr
135 Stjørdal Trøndelag - Trööndelage 25,108 143,912 kr
136 Frogn Akershus 16,429 141,813 kr
137 Sarpsborg Østfold 60,614 141,206 kr
138 Røros Trøndelag - Trööndelage 5,638 139,872 kr
139 Nordre Land Innlandet 6,510 139,544 kr
140 Grimstad Agder 25,569 139,292 kr
141 Nord-Fron Innlandet 5,493 139,267 kr
142 Nord-Aurdal Innlandet 6,424 138,718 kr
143 Øygarden Vestland 40,641 138,588 kr
144 Tysvær Rogaland 11,750 137,533 kr
145 Skjervøysmall municipality Troms - Romsa - Tromssa 2,802 135,248 kr
146 Moss Østfold 53,207 135,224 kr
147 Gran Innlandet 13,689 134,829 kr
148 Lillehammer Innlandet 29,669 134,713 kr
149 Liernesmall municipality Trøndelag - Trööndelage 1,302 134,576 kr
150 Fredrikstad Østfold 86,243 133,273 kr