A seismic hazard evaluation has been conducted for Fennoscandia, inclu
ding Norway, Sweden, Finland, Denmark, areas of Russia, and adjacent s
ea areas. Several subregions were considered. Data were taken from a F
ennoscandian earthquake catalog comprising both macroseismic and instr
umental observations. The analysis was based on a maximum likelihood a
pproach using incomplete historical and complete instrumental data, di
fferent detection thresholds, and assessment of earthquake magnitude u
ncertainty. The output for the selected subregions consists of the pro
babilities that a given magnitude will not be exceeded in a given inte
rval of time and mean return periods for earthquakes of magnitudes exc
eeding a given value M(L). The evaluated parameters are the maximum re
gional magnitude, Gutenberg-Richler b-value, and annual activity rate,
all with standard errors. The obtained parameters correspond well to
the characteristic seismicity features of inspected regions. However,
discrepancies between the data used and the data model behind the appl
ied method were observed: both the patterns of earthquake occurrence a
nd the reporting of historical events tend to deviate from the model.
Differences in output can be expected according to the decisions to de
al with these discrepancies.