Denmark, Norway and Sweden are all monarchies. Iceland and Finland are republics.
Regardless of the form of government, the heads of state in the Nordic countries have relatively little power. All the countries have a democratic constitution dating from the 19th century, and, with the exception of the Norwegian constitution, they have all been revised several times.
Summary ? ;)
Nordic Countries = Denmark, Finland, Iceland, Norway, Sweden.
Scandinavia = Denmark, Norway and Sweden.

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