The Nordic Countries and U.S. Relations (CRS Report for Congress)
| Release Date |
Revised April 4, 2024 |
| Report Number |
IF10740 |
| Report Type |
In Focus |
| Authors |
Kristin Archick |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
The five Nordic countries—Denmark, Finland, Iceland,
Norway, and Sweden—share deep historical, linguistic, and
cultural ties and many political and economic similarities.
They are all stable democracies with parliamentary systems
of government and are largely regarded as open, egalitarian
societies. They also are prosperous market economies with
relatively high standards of living.
With a total population of almost 27 million people (see
Figure 1), the Nordics collectively form the world’s 12th
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largest economy. They have extensive social welfare
systems and relatively high tax rates but are considered to
be innovative, business-friendly countries. The Nordics
generally rank high on global competitiveness indexes.
Foreign trade plays a key role in their economies. They also
enjoy substantial natural resources. Norway in particular
benefits from vast North Sea oil and natural gas deposits.
