Margarita Islan (Spanish: Isla Margarita or Isla de Margarita) is the largest island of the Nueva Esparta state 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 is La Asunción, located in a river valley of the same name. Primary industries are tourism, fishing and construction. Its population is about 420,000.