Palermo is a neighborhood, or barrio of the Argentine capital, Buenos Aires. It is located in the northeast of the city, bordering the barrios of Belgrano to the north, Almagro and Recoleta to the south, Villa Crespo and Colegiales to the west and the Río de la Plata river to the east. With a total area of 17.4 km² (7 sq mi), Palermo is the largest neighborhood in Buenos Aires. As of 1991 it had a population of 256,927 inhabitants (1991 census [INDEC]).