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Stockholm is the capital and most populous city of Sweden as well as the largest urban area in the Nordic countries. Approximately 1 million people live in the municipality, with 1.6 million in the urban area, and 2.4 million in the metropolitan area. The city stretches across fourteen islands where Lake Mälaren flows into the Baltic Sea Gamla stan "The Old Town", until 1980 officially Staden mellan broarna ("The Town between the Bridges"), is the old town of Stockholm, Sweden. Gamla stan consists primarily of the island Stadsholmen. Officially, but not colloquially, Gamla stan includes the surrounding islets Riddarholmen, Helgeandsholmen and Strömsborg. It has a population of approximately 3,000. Stockholm Palace or the Royal Palace (Swedish: Stockholms slott or Kungliga slottet) is the official residence and major royal palace of the Swedish monarch (King Carl XVI Gustaf and Queen Silvia use Drottningholm Palace as their usual residence).