Spain's continental European territory is situated on the Iberian Peninsula and borders Portugal to the west and France and Andorra to the northeast. It is the only European country to have both Atlantic Ocean and Mediterranean Sea coastlines. The country's capital and most populous city is Madrid; other major metropolitan areas include Barcelona, Valencia, Seville, Malaga and Bilbao.
Spain has a rich cultural heritage, with influences from various civilizations, including the Celts, Romans, Visigoths and Muslims. This diverse heritage is reflected in the country's art, architecture, music and cuisine. Spain is also known for its vibrant festivals, such as the Running of the Bulls in Pamplona and the Fallas festival in Valencia.
Spain is a constitutional monarchy, with King Felipe VI as head of state. The prime minister is the head of government and the Spanish parliament (Cortes Generales) is the supreme legislative body. The country is a member of the European Union, the United Nations, the North Atlantic Treaty Organization (NATO) and the Organisation for Economic Co-operation and Development (OECD).
Spain has a developed market economy, with a high standard of living and a strong welfare system. The country's economy is based on services, industry and tourism. Spain is a popular destination for tourists from all over the world, attracted by its warm climate, beautiful beaches, historic cities and cultural heritage.