Margarita Island (Isla de Margarita) is the largest island of the state of Nueva Esparta in Venezuela, situated in the Caribbean Sea, off the northeastern coast of the country. The state also contains two other smaller islands: Coche and Cubagua. The capital city of Nueva Esparta is La Asunci�n, located in a river valley of the same name in Margarita Island. Primary industries are tourism, fishing and construction. The population of the state is about 440,000