Istanbul is the largest city in Turkey, serving as the country's economic, cultural and historic hub. The city straddles the Bosporus strait, lying in both Europe and Asia, and has a population of over 15 million residents, comprising 19% of the population of Turkey. Istanbul is the most populous European city, and the world's 15th-largest city. Over 13.4 million foreign visitors came to Istanbul in 2018, eight years after it was named a European Capital of Culture, making it the world's eighth most visited city. The historic centre of Istanbul is a UNESCO World Heritage Site, and the city hosts the headquarters of numerous Turkish companies, accounting for more than thirty percent of the country's economy.