Abstract: Research on the carrying capacity and security of water resources is vital for its contribution to implementing sustainable development goals. The limitation of water resources is one of the most important factors that influence the sustainable utilization of resources. Studying the carrying capacity of water resources will not only facilitate monitoring and forecast of national resources and environmental carrying capacity, but also be valuable for building ecological civilization. According to the principles of evaluation system, the carrying capacity of water resources on Shandong peninsula is explored. A comprehensive evaluation model of the carrying capacity of water resources is constructed based on the carrying capacity of water resources index and the composite of water resources index. The results show that the capacity of water resources on Shandong peninsula is generally consistent with overexploitation, and that the development and utilization of water resources has reached a considerable scale under existing economic and technological conditions. The carrying capacity of water resources in this region is relatively small, and the contradiction between supply and demand of water resources is alarming. Relative countermeasures are put forward, to improve the water resources carrying capacity and to provide a basis for future sustainable development and utilization of water resources in this region.