Mexico City is the capital and largest city of Mexico, and is also North America's most populous city. It is one of the most important cultural and financial centers in the world, and is classified as an Alpha world city according to the Globalization and World Cities Research Network (GaWC) 2024 ranking. Mexico City is located in the Valley of Mexico within the high Mexican central plateau, at an altitude of 2,240 meters (7,350 ft). The city has 16 boroughs or demarcaciones territoriales, which are in turn divided into neighborhoods or colonias.