Graciosa Island (Portuguese pronunciation: [ɡɾɐsiˈɔzɐ]) (literally "graceful" or "enchanting" in Portuguese), also referred to as the White Island, is a volcanic island in the Atlantic Ocean. It is the northernmost of the Central Group of islands in the Azores archipelago. The ovular Portuguese island has an area of 60.65 square kilometres (23.42 square miles), a length of 10 kilometres (6.2 miles) and a width of 7 kilometres (4.3 miles). Its landscape is dominated by a 1.6-kilometre-wide (1.0-mile) central caldera (the Caldeira) located in the southeast.

In addition to the other islands of the Central Group, Graciosa was explored by Portuguese navigators during the first quarter of the 15th century, although there exist no accounts of the first sighting of the island. May 2, 1450 has frequently been referred to as the date of the island's "discovery", although there exists no documentation to support this date. Paradoxically, it is clear that in 1440, by order of Prince Henry the Navigator, cattle and swine were settled on the island in order to facilitate colonization.

Similarly, it is unclear the names of the first settlers to colonize the island because around 1450 formal registries did not exist. The first group of settlers of note to be mentioned were led by Vasco Gil Sodré, a former resident of Montemor-o-Velho, who arrived from Terceira accompanied by his family and servants around the middle of the 1450s. It was this pioneer who inaugurated the official phase of continuous settlement on the island.

Graciosa Island is situated in the northwest tectonic structure called the Terceira Rift, oriented southeast to northwest and coincident with the orientation of the archipelago. The presence of the Rift has deformed Graciosa into an elongated oval form 12.5 km long by 7.5 km wide.

The coast is rough and rocky but generally low, except in the northwest along the Serra Branca (where the cliffs are 200 meters high). There are two shallow bays, situated in the southeast and southwest corresponding to fishing ports in Vila da Praia and Folga, respectively. Along the northeast coast there are several smaller coves near Santa Cruz da Graciosa that were used as ports but are now abandoned, and the older whale and commercial port in Barra, now used as a recreational zone.

Owing to the concentration of agriculture, animal husbandry and dairy industries, the island has maintained a relatively rural and tranquil character. The island's fields produce various fruits, wines, grass-fed beef and dairy cattle as well as cheese and other dairy products. The construction of a commercial port and the 1980 construction of the Graciosa Aerodrome has retained the island's links to the archipelago while strengthening exports and importing goods and services. In addition to this, the island has benefited from infrastructural investments that have included the re-qualification of the secondary school, the construction of a new milk factory and fishing port. As well, improvements to the recreational areas in Praia and refurbishment of the Thermals in Carapacho, the construction of a new hotel and Medical Center have been done in order to improve both the tourist industry and support the local community.