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Nordics - Alberta Relations Nordics - Alberta Relations This map is a generalized illustration only and is not intended to be used for reference purposes. The representation of political boundaries does not necessarily reflect the position of the Government of Alberta on international issues of recognition, sovereignty or jurisdiction. PROFILE NORDICS OVERVIEW . Danish, Norwegian and Swedish are the working languages of official Nordic co- Capital: Copenhagen (Nordic Council and . The Nordic countries are a geographical and operation. Council of Ministers Headquarters) cultural region in Northern Europe and the Northern Atlantic and include Denmark, Population: 26.7 million (2016) TRADE AND INVESTMENT Finland, Iceland, Norway and Sweden, plus Languages: Danish, Faroese, Finnish, the associated territories of Greenland, the . The Nordic region is the world’s eleventh Greenlandic, Icelandic, Norwegian, Sami and Faroe Islands and the Åland Islands. largest economy. Swedish . The Nordic Council is a geo-political inter- . From 2012 to 2016, Alberta’s goods exports to Secretary-General of the Nordic Council: Britt parliamentary forum for co-operation between the Nordics averaged CAD $98.1 million per Bohlin Olsson (since 2014) the Nordic countries. It consists of 87 year. Top exports included machinery (CAD $31.6 million), nickel (CAD $12.5 million), President of the Nordic Council: Britt Lundberg representatives, elected from its members’ (elected for the year of 2017) parliaments. plastic (CAD $11.3 million), and food waste and animal feed (CAD $10.8 million). The Vice President of the Nordic Council: Juho . Denmark, Finland, Iceland, Norway and export figures do not include trade in services Eerola (elected for the year of 2017) Sweden have been full members of the Nordic (e.g. tourism, architecture and engineering or Council of Ministers since 1971. information technology services). Secretary General of the Council of Ministers: Dagfinn Høybråten (since 2013) . Greenland, the Faroe Islands, and Åland are . From 2012 to 2016, Alberta’s direct imports Presidency of the Council Ministers: Denmark considered associate countries but have had from the Nordics averaged CAD $213.0 million (for the year of 2017) increased representation with the Nordic per year, including machinery (CAD $67.2 Council since the adoption of the Åland million), electrical machinery (CAD $41.7 GDP: USD $1.45 trillion (2016) Document in 2007. They can choose to adopt million), optical, medical and other measuring GDP (PPP): 1.117 trillion current international decisions made in the Nordic Council of instruments (CAD $16.8 million), and mineral dollars (2017 estimate) Ministers as permitted by their agreements on fuel and oil (CAD $13.6 million). This figure autonomy. does not include goods sold in Alberta that GDP Per Capita (PPP): 52,688 current arrived via distribution hubs in other provinces. international dollars (2017 estimate) . The Council holds ordinary sessions each year in October/November and one additional . Canadian foreign direct investment stocks in GDP Growth Rate: 3.6 per cent (2016) session per year with a unique theme. the Nordics reached CAD $6.2 billion in 2016. Sources: World Bank, Nordic Cooperation Investment from the Nordics in Canada during . The Nordic Council is involved in various the same year was CAD $7.4 billion. forms of cooperation with neighboring areas, especially with the Baltic States and Russia. The total land area of the Nordic region is 3.43 million km², making it the seventh largest region in the world. Uninhabitable icecaps and glaciers comprise about half of this area. November 2017 | Input provided by Alberta Ministries of: Advanced Education, Agriculture and Forestry, Culture and Tourism, Economic Development and Trade, Education, Energy, and Labour . Canada and the Nordics enjoy a strong . Norway and, to some degree, Denmark are . The five Nordic countries of Denmark, commercial relationship with growing trade oil and gas exporters. Norway produces over Finland, Iceland, Norway and Sweden have flows, two-way investment levels, innovation 60 per cent than its domestic demand while announced ambitious goals towards and technology cooperation. Denmark produces approximately 50 per decarbonizing their energy systems by 2050, cent more than it requires. while contributing to European de- . In 2016, total exports from the Nordic Region carbonization through the export of clean to international markets were approximately . Norway’s oil production increased in 2015, electricity. The 2016 Nordic edition of the €86.1 billion. This was mostly driven by but new investment is declining. Statoil, IEA's Energy Technology Perspectives Sweden (€126 billion), Denmark (€86 billion) Norway’s state owned enterprise, has cut reveals that a near carbon-neutral energy and Norway (€80 billion). costs (capital expenditures) in the wake of system will require a dramatic restructuring current oil prices. of the transport sector, accelerated . Petroleum and petroleum products were the innovation to reduce industrial emissions, largest exports in 2016, totaling €37.4 billion in . Finland, Iceland and Sweden lack domestic and greater flexibility in the energy system to 2016. This was followed by chemical products sources of fossil energy and must import handle higher shares of variable renewables. (€23.3 billion), road vehicles (€21.6 billion), substantial amounts of petroleum, natural and medical and pharmaceutical products gas, and other energy resources. EMERGING OPPORTUNITIES (€21.2 billion). Nordic electricity, already 87 per cent . Opportunities for cooperation between . Total imports for the region in 2015 reached carbon-free, is largely generated from Canada and the Nordics include research in €330 billion. Top imports included road renewables. Hydropower is widely used in forestry, advanced materials, genomics and vehicles (€31.2 billion), chemical products Norway, which also has a growing share of pharmaceuticals, information technology, (€27.5 billion) and manufactured articles wind power. Geothermal heat and power environmental and arctic studies. (€25.2 million). production is the most important energy source in Iceland. The Nordic region’s excellence in the field of . Germany is the Nordic’s largest trading research and development (R&D) adds to its partner, with the total value of imports and . Nordic CO2 emissions per unit of electricity appeal as a business location. With clusters exports in 2016 of €104.2 billion. The second produced were one-fifth of the global of established research facilities and a highly largest was the Netherlands (€48.5 billion), average in 2016. skilled labour force, this region remains an followed by the United Kingdom (€47.8 billion) attractive location for firms engaged in high- . A World Energy Council’s Energy and Sweden (€47.1 billion). tech businesses requiring considerable Sustainability Index that assesses country investment in R&D. During the same year, Canada was the 28th energy security, energy equity, largest trading partner for the region, importing environmental sustainability and climate . On average, the five full members of the and exporting a total €5.2 billion in goods. policies ranks Sweden, Norway, Denmark Nordic council spent 2.7 per cent of GDP on and Finland as world’s second, third, fifth and R&D in science and technology. ENERGY eighth performer respectively. These are world’s best environmental performers. Digital Industries: The Nordics is one of the . The most important energy sources in the most advanced regions in the world in terms of Nordic countries in order of importance are: . Nordic energy co-operation has been its telecommunications and Internet oil, solid fuels (e.g. coal and wood), nuclear growing in recent years and is a key priority infrastructure and usage. Countries in this power, hydro, geothermal, solar power, and for the Nordic Council. region are consistently ranking among the gas. leading countries in terms of mobile phone, . Norway’s Sovereign Fund – Norway’s personal computer, Internet and broadband . Over a third of the Nordic region’s total Government Pension Fund (the world’s penetration. energy supply comes from renewable largest institutional investor) – is a leading sources. The largest of these is biomass and institution to include climate change . Internet and broadband access in households waste, which are used to generate electricity, considerations as an investment risk to their for five full member countries of the Nordics heat and transport fuels in Sweden, Finland long term portfolio. was 94.4 per cent in 2016. This is higher than and Denmark. the EU28 average of 85 per cent. Ninety-three per cent of the population uses the internet at . Norway, Finland and Sweden have relatively Bergen, as well as Arctic University of Norway least once a week, higher than that EU28 small proportion of agricultural land (3 - 8 per and the Norwegian University of Science and average of 79 per cent. cent) compared to total land territory, Technology. Denmark is one of the most intensely . With high rates of clean energy from reliable cultivated countries in the world, with a share . The U of C has exchange programs with power sources, combined with a highly of 62 per cent. numerous Nordic universities, including Oslo, educated workforce and cool climate, the Stavanger, Norwegian School of Sports Nordics are an ideal location for world class . There is a common trend among the Nordics Science, Orebro, Lund, Umea, Copenhagen, data centers. of declining beef meat production,
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