A B S T R A C TThe use of hydrological models aimed to obtain a realistic prediction of the hydrological processes that occur on hydrographic basins, especially the transformation of precipitation into surface runoff and evapotranspiration. Currently, a large number of hydrological predict models are used, highlights to Soil and Water Assessment Tool (SWAT), developed by the US Agricultural Research Service / United States Department of Agriculture (ARS / USDA). The study aimed to compare and analyze the water balance of a subbasin of the Ipanema River basin-PE by means of the estimation presented by the SWAT model and the method of Thornthwaite & Mather. Thus, this research aimed to map the sub-basin of the Ipanema river, located on Agreste mesoregion of Pernambuco State. The counties selected were to map were Venturosa, Alagoinha, Pedra, and Buíque. The monthly mean values of water balance components simulated by the SWAT were compared to monthly averages simulated by the Thornthwaite & Mather method. The monthly values were compared using the means of dispersion plots and the coefficient of determination, which was included the total amount of rain that precipitates over the area of the sub basin during the simulation time and the evapotranspiration measured in-situ and potential evapotranspiration. The two methods and the three variables studied showed a good representation of temporal cycle, and estimations of monthly: precipitation, real evapotranspiration, and potential evapotranspiration.