There is actually semi-official lore surrounding this, as there was an official Twilight 2000 sourcebook in Finnish called "The Nordic Countries".
I'll post the main details here (will post additional details to those interested, I own the book):
Finland is under military dictatorship.
Sweden in in the grips of a civil war.
Denmark is quite okay.
Norway is led by a heroic military-prince.
Iceland is just about normal.
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