page_title: Nueva Esparta
section_title: Economy
hierarchical_section_title: Nueva Esparta / Economy
caption_attribution_description: English: Panoramic of Costa Azul mall
context_page_description: The State of Nueva Sparta, in Spanish Estado Nueva Esparta, is one of the 23 states of Venezuela. It comprises Margarita Island, Coche, and the largely uninhabited Cubagua.
  The state has the smallest area, and is located off the northeast Caribbean coast of Venezuela. It is the only insular state of Venezuela. The main island of Margarita has an area of 1,020 km². Its capital city is La Asunción, and the main urban center is Porlamar.
context_section_description: Trade predominates, due to the condition of Puerto Libre (established in 1971 by presidential decree) and its link with local tourism. The tourist activity has stimulated the construction industry, as evidenced by the existence of hotels, restaurants, holiday homes and entertainment centers, as part of an infrastructure that revalue this area for visitors of both national and international origin. Fishing has allowed the production of; needle, anchovy, tuna, snapper, corocoro, lamparosa, carite, torito, lisa, catfish, cazón, vaquita, horse mackerel, picua and sardine (shellfish); shrimp and lobster (crustacean); clam, squid, chipichipi, guacuco, pearl casing and oysters (mollusks). Agriculture is also seen as a complementary economic activity, especially on the island of Margarita, where the cultivation of eggplant, corn, melon, paprika, pinilla, sweet pepper and tomato stand out. As well as poultry farming, goats and pigs.
  In recent years, there has been an increase in the resident populations of the three islands, mainly in Margarita. The Nueva Esparta State, has become a place of rest and escape for the inhabitants of the great cities of the center of the country being a popular tourist destination of Venezuela.
caption: Parque Costa Azul mall, Margarita Island
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