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You know we love our viewers, and lately it seems that a million of you… nay, a Maximilian
of you, want us to explore the strength of the Nordic countries. Well, here we are. How
powerful are Sweden, Denmark, Norway, Finland and Iceland? You’re welcome.
Now, technically, the Nordic countries are also made up of the Åland [all-and] Islands,
the Faroe Islands, and Greenland.
The Nordic countries are a culturally and politically overlapping group of parliamentary
democracies located in Northern Europe. Individually, they tend to score near the top of most global
achievement lists, in areas like women’s rights, environmentalism, quality of education,
and homeless outreach.
When taken together, they comprise the 7th-largest area in the world. At 1.3 million square miles,
that’s about the same size as India. But unlike similarly large nations, the Nordic
countries have some of the lowest population density in the world, with only 26 million
total residents. This is mostly because half of their land is uninhabited arctic, thanks
to Greenland. But even without Greenland, the rest of the remaining countries are still
larger than Germany, France, and Italy combined.
Economically, they’re quite well off. When compared with the European Union, the Nordic
countries have had much stronger GDP growth over the past ten years. Only Finland has
changed its currency over to the Euro. Combined, their GDP reaches 1.7 trillion dollars, which
would make them the 12th richest area in the world, just below Canada.
Per capita, Norway’s GDP alone is 80% higher than the Eurozone’s, and it’s residents
enjoy the highest standard of living in the world. In fact, all of the primary Nordic
countries rank in the top 25 highest standards of living.
However, the Nordic countries cannot be said to have a comparably strong military. Individually,
Norway, Sweden, Finland, and Denmark rank from the high-40s to the mid-20s when stacked
against the rest of the world. In fact, Iceland’s only military is it’s Coast Guard and they
are the one NATO member without a standing army. When pooling the combined forces of
Sweden, Denmark, Norway, and Finland, you end up with 21.3 billion dollars spent yearly
on defense, or around 3.5% of the US’s military budget. Although they might not have the strongest
military, their presence is more relevant as an international peacekeeping force.
Luckily, the Nordic countries have relatively friendly relations with most of the world,
and trade freely with many of their immediate neighbors. However, about a fifth of their
trade is amongst themselves. In 2012, nearly a quarter of exports from both Denmark and
Sweden went to other Nordic countries.
Clearly, Sweden, Denmark, Norway, Finland and Iceland are pretty great places to live.
A recent World Happiness Report listed all five in the top ten happiest countries. Although,
the reason for Nordic countries ranking so highly so regularly has been attributed to
their social welfare and high taxation. So how powerful are the Nordic countries? Powerful
enough to be happy.
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