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
201 Kragerø Telemark 10,378 106,947 kr
202 Froland Agder 6,299 106,930 kr
203 Luster Vestland 5,478 106,310 kr
204 Sunndal Møre og Romsdal 7,094 106,207 kr
205 Sigdalsmall municipality Buskerud 3,514 105,848 kr
206 Ringebusmall municipality Innlandet 4,497 105,668 kr
207 Gjesdal Rogaland 12,715 105,659 kr
208 Vadsø Finnmark 5,808 105,257 kr
209 Kviteseidsmall municipality Telemark 2,463 105,128 kr
210 Nord-Odalsmall municipality · one company dominates Innlandet 4,978 103,803 kr
211 Fauske Nordland 9,707 103,795 kr
212 Oppdal Trøndelag 7,421 103,115 kr
213 Hasviksmall municipality Finnmark 987 103,074 kr
214 Midtre Gauldal Trøndelag 6,088 102,868 kr
215 Storfjordsmall municipality Troms 1,848 102,736 kr
216 Fyresdalsmall municipality Telemark 1,274 102,156 kr
217 Øyer Innlandet 5,130 101,910 kr
218 Hemsedalsmall municipality Buskerud 2,707 101,549 kr
219 Nordreisasmall municipality Troms 4,863 100,113 kr
220 Namsos Trøndelag 15,112 98,919 kr
221 Inderøy Trøndelag 7,066 98,387 kr
222 Lærdalsmall municipality Vestland 2,223 98,180 kr
223 Vangsmall municipality Innlandet 1,666 96,600 kr
224 Harstad Troms 25,204 96,087 kr
225 Volda Møre og Romsdal 11,009 95,821 kr
226 Sunnfjord Vestland 22,804 95,334 kr
227 Rakkestad Østfold 8,583 94,728 kr
228 Hurdalsmall municipality · one company dominates Akershus 3,078 93,265 kr
229 Hustadvika Møre og Romsdal 13,538 93,265 kr
230 Lebesbysmall municipality Finnmark 1,249 92,995 kr
231 Tynset Innlandet 5,762 92,596 kr
232 Meløy Nordland 6,074 92,383 kr
233 Vardøsmall municipality Finnmark 1,969 91,855 kr
234 Gamviksmall municipality Finnmark 1,019 91,263 kr
235 Alstahaug Nordland 7,489 89,500 kr
236 Eidskog Innlandet 6,103 89,244 kr
237 Midt-Telemark Telemark 11,157 88,884 kr
238 Saltdalsmall municipality Nordland 4,865 88,770 kr
239 Bjerkreimsmall municipality Rogaland 2,894 88,703 kr
240 Auresmall municipality Møre og Romsdal 3,371 88,646 kr
241 Skjåksmall municipality Innlandet 2,185 88,331 kr
242 Tjeldsundsmall municipality Troms 4,144 88,254 kr
243 Verdal Trøndelag 15,435 88,002 kr
244 Flåsmall municipality Buskerud 1,122 87,936 kr
245 Hole Buskerud 7,205 86,180 kr
246 Åmlismall municipality Agder 1,805 85,348 kr
247 Tolgasmall municipality Innlandet 1,609 84,523 kr
248 Hjartdalsmall municipality Telemark 1,638 83,345 kr
249 Indre Østfold Østfold 47,943 83,128 kr
250 Vinjesmall municipality Telemark 3,829 82,710 kr