Graciosa Island or commonly La Graciosa (; Spanish for "graceful") is a volcanic island in the Canary Islands of Spain, located north of the island of Lanzarote across the strait named 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. The only two settlements are Caleta de Sebo in the southeastern part of the island and summer-residence Casas de Pedro Barba.