The invention discloses a method for recycling multiple components of a waste lithium iron phosphate battery. The method comprises the following steps of breaking a shell of the discharged waste lithium iron phosphate battery, disassembling and separating, treating the battery core to obtain a solvent recovery solution, crushing and sorting the battery core to obtain lithium iron phosphate coarse powder, copper powder and aluminum powder, adding the lithium iron phosphate coarse powder into an acid solution to react, filtering to obtain an acid leaching solution and carbon residues, washing the carbon residues with water, and drying to obtain high-carbon graphite, adjusting the PH value of the acid leaching solution, adding a reducing agent to remove copper, and filtering to obtain a copper-removed solution and copper slag, adding an oxidizing agent and a proper amount of phosphorus source into the copper-removed solution to obtain ferric orthophosphate, adding alkali liquor into the iron precipitation liquid to obtain aluminum-removed liquid and aluminum slag, adding alkali liquor into the aluminum precipitation liquid to obtain alkalized liquid and alkaline slag, and evaporating and concentrating the alkalized solution to obtain a lithium-rich solution, and adding the lithium-rich solution into a sodium carbonate solution to obtain lithium carbonate. The invention relates to the technical field of battery recycling, and particularly provides a method for recycling multiple components of a waste lithium iron phosphate battery.