Graciosa Island or commonly La Graciosa is a volcanic island in the Canary Islands of Spain, located 2 km (1.2 mi) north of the island of Lanzarote across the Strait of El Río. It was formed by the Canary hotspot. The island is part of the Chinijo Archipelago and the Chinijo Archipelago Natural Park (Parque Natural del Archipiélago Chinijo). It is administrated by the municipality of Teguise. In 2018 La Graciosa officially became the eighth Canary Island. Before then, La Graciosa had the status of an islet, administratively dependent on the island of Lanzarote. It is the smallest and least populated of the main islands, with a population of about 700 people.