Mexico City (Spanish: Ciudad de México, locally [sjuˈða(ð) ðe ˈmexiko]; abbr.: CDMX; Nahuatl: Altepetl Mexico) is the capital and largest city of Mexico, as well as the most populous city in North America, and is one of the country’s 32 federal entities. Mexico City is one of the most important cultural and financial centers in the world. It is located in the Valley of Mexico (Valle de México), a large valley in the high plateaus in the center of Mexico, at an altitude of 2,240 meters (7,350 ft). The city has 16 demarcaciones territoriales, subdivisions colloquially known as alcaldías or boroughs.