Madrid is the capital and most populous municipality of Spain. It has almost 3.5 million inhabitants and a metropolitan area population of approximately 7 million. It is the second-largest city in the European Union (EU), and its monocentric metropolitan area is the second-largest in the EU. The municipality covers 604.3 km2 (233.3 sq mi) geographical area. Madrid lies on the River Manzanares in the central part of the Iberian Peninsula at about 650 m (2,130 ft) above mean sea level. The capital city of both Spain and the surrounding autonomous community of Madrid, it is also the political, economic, and cultural centre of the country.