The Land of Waves (meaning "Nami no Kuni") is a nation located on an island near the Land of Fire, and it does not have a hidden village, relying on seeking assitance from other Hidden Villages like Konohagakure.
The Land of Waves has many rivers running through it and is famous for its mangroves, which are filled with all kinds of lifeforms. Though an isolated island, relying on shipping for commerce and trade, it was prosperous. This changed when Gato set his sights on it, breaking the people's will and monopolizing the shipping industry. In order to break this monopoly, Tazuna, a citizen of the Land of Waves, pursued the construction of a bridge connecting the island to the mainland. Squad Seven's first real mission was to this country and was meant to be a simple bodyguard mission to Tazuna but ended up completing a far more difficult mission fighting of Zabuza Momochi and Haku, and, later with the help of Zabuza and the townspeople ending Gato's reign of terror. With Gato gone, the bridge was completed, connecting the Land of Wavesto the Land of Fire, increasing commerce and trade and bringing more revenue to the Land. It is now a prosperous area.