The largest island in the world is AUSTRALIA, which is the world's smallest continent. It is located between the Indian and Pacific Oceans and has an area of 7, 692, 024 square kilometers. It is the sixth-largest country by total area and the only country to occupy an entire continent. AUSTRALIA is home to a wide variety of flora and fauna, including kangaroos, koalas, and emus. It is also known for its unique landscapes, such as the Great Barrier Reef and Uluru.