A quick introduction to the Nordic Countries

Nordic Economy strives to give you some useful information about economy and finance in the five Nordic Countries Denmark, Finland, Iceland, Norway and Sweden. Most people outside Europe can’t really tell a difference between the different Nordic languages and cultures but they very much do exist, even though they some times seem very similar to the outsider.


Going strictly by land acreage the largest Nordic country is Denmark, this is due to the fact that Greenland is considered an autonomous country within the Kingdom of Denmark. But if you go by total number of inhabitants Sweden is the largest country in the north.


One of the characteristics of “Norden” (which is the name the locals use to describe the Nordic Countries) is the well preserved nature. In fact most tourist go there because of the fresh air, forests and nice views.


The Nordic Countries also have a lot of natural resources. Most prominent are the large forests, mineral mines and particularly in Norway; Oil and fish.


Finland is somewhat of an odd fellow in the Nordic league of nations. This is due to the fact that they in someways are more of a mixture of eastern and western European culture. In someways Finland has more in common with the Baltic States. But Finland also have a very close hate and love relationship with Sweden (which almost all the Nordic Countries do have, except maybe Iceland.) The reason behind this is to be found in the history and there has been a lot of influences between the different Nordic Countries.


Norway and Denmark was in a merged union between 1388-1814 after that Sweden and Norway formed another a merged union which lasted from 1814 until 1905.

Finland was part of Sweden until 1809 when the Russians took control over the country until its independence in 1917. Iceland have been in merged unions with both Norway and Denmark.

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