Finland is a sovereign state in Northern Europe. A peninsula with the Gulf of Finland to the south and the Gulf of Bothnia to the west, the country has land borders with Sweden to the northwest, Norway to the north, and Russia to the east. Estonia is south of the country across the Gulf of Finland. Finland is a Nordic country situated in the geographical region of Fennoscandia, which also includes Scandinavia. Finland's population is 5.5 million, staying roughly on the same level over the past two decades. The majority of the population is concentrated in the southern region. In terms of area, it is the eighth largest country in Europe and the most sparsely populated country in the European Union.