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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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
- Municipalities that rank high on «Job coverage (jobs per employed resident)» most often also rank high on value creation per inhabitant (moderate association, rank correlation 0.50 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 (moderate association, rank correlation 0.49 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 0.43 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 0.32 across 347 municipalities; Brønnøysund Register Centre, our own calculations).
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 | value creation per inhabitant |
|---|---|---|
| 101 | Klepp | 179,036 kr |
| 102 | Hjelmelandsmall municipality | 178,442 kr |
| 103 | Sør-Varangerone company dominates | 177,985 kr |
| 104 | Lillesand | 177,768 kr |
| 105 | Tromsø | 176,392 kr |
| 106 | Salangensmall municipality | 174,745 kr |
| 107 | Måsøysmall municipality | 174,731 kr |
| 108 | Senja | 170,755 kr |
| 109 | Modum | 169,778 kr |
| 110 | Suldalsmall municipality · one company dominates | 168,491 kr |
| 111 | Nordre Follo | 168,005 kr |
| 112 | Hægebostadsmall municipality | 167,817 kr |
| 113 | Averøy | 167,212 kr |
| 114 | Tønsberg | 165,772 kr |
| 115 | Eigersund | 165,112 kr |
| 116 | Arendal | 164,731 kr |
| 117 | Holmestrand | 163,552 kr |
| 118 | Nordkappsmall municipality | 161,116 kr |
| 119 | Drammen | 160,767 kr |
| 120 | Vestnes | 158,857 kr |
| 121 | Seljordsmall municipality | 155,831 kr |
| 122 | Bamble | 155,140 kr |
| 123 | Gjøvik | 154,366 kr |
| 124 | Trysilone company dominates | 153,613 kr |
| 125 | Steinkjer | 152,220 kr |
| 126 | Time | 152,215 kr |
| 127 | Selbusmall municipality · one company dominates | 151,932 kr |
| 128 | Flekkefjord | 151,752 kr |
| 129 | Osensmall municipality · one company dominates | 150,164 kr |
| 130 | Ullensvang | 149,125 kr |
| 131 | Dønnasmall municipality | 148,994 kr |
| 132 | Sula | 148,447 kr |
| 133 | Hyllestadsmall municipality · one company dominates | 147,729 kr |
| 134 | Osterøy | 146,091 kr |
| 135 | Stjørdal | 143,912 kr |
| 136 | Frogn | 141,813 kr |
| 137 | Sarpsborg | 141,206 kr |
| 138 | Røros | 139,872 kr |
| 139 | Nordre Land | 139,544 kr |
| 140 | Grimstad | 139,292 kr |
| 141 | Nord-Fron | 139,267 kr |
| 142 | Nord-Aurdal | 138,718 kr |
| 143 | Øygarden | 138,588 kr |
| 144 | Tysvær | 137,533 kr |
| 145 | Skjervøysmall municipality | 135,248 kr |
| 146 | Moss | 135,224 kr |
| 147 | Gran | 134,829 kr |
| 148 | Lillehammer | 134,713 kr |
| 149 | Liernesmall municipality | 134,576 kr |
| 150 | Fredrikstad | 133,273 kr |