Mexico is known formally as the United Mexican States and is a federal, representative and democratic republic, located in Latin America. Mexico has border to the north with the United States of America, to the east with the Gulf of Mexico and Caribbean Sea, to the southeast with Belize and Guatemala, and to the west with the Pacific Ocean. Its territory area converts it into the 15th largest country in the world, by covering almost 2 million square kilometers. In Mexico are living over 107 million people, being the most populated Spanish talking nation in the world. It is the second economy in Latin America after Brazil, and 4th in the Western Hemisphere.