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Tabasco (Spanish pronunciation: [taˈβasko] ( listen)), officially the Free and Sovereign State of Tabasco (Spanish: Estado Libre y Soberano de Tabasco), is one of the 32 Federal Entities of Mexico. It is divided into 17 municipalities and its capital city is Villahermosa. It is located in the southeast of the country bordering the states of Campeche to the northeast, Veracruz to the west and Chiapas to the south, and the Petén department of Guatemala to the southeast. It has a coastline to the north with the Gulf of Mexico. Most of the state is covered in rainforest as, unlike most other areas of Mexico, it has plentiful rainfall year round. For this reason, it is also covered in small lakes, wetlands and rivers. The state is subject to major flooding events, with the last occurring in 2007, which affected eighty percent of the state. The state is also home to La Venta, the major site of the Olmec civilization, considered to be the origin of later Mesoamerican cultures. Even though it produces significant quantities of petroleum and natural gas, poverty is still a concern.