The invention relates to the technical field of electric power system operation and control and discloses an electric power system dynamic state estimation method based on a synchronous phase-angle measuring device. According to the technical scheme, the method comprises the steps of A, reading current network parameters of an electric power system and a network topological structure of the electric power system, and therefore forming a node admittance matrix and a branch-node incidence matrix; B, establishing an equivalent circuit according to the network topological structure of the electric power system, and configuring a measurement function of the electric power system and a PMU of the electric power system, wherein the measurement of the system comprises node voltage amplitude measurement, node current amplitude measurement, node power injection measurement and node load flow measurement; C, conducting dynamic state estimation on the system on the basis of extended Kalman filtering; D, judging conditions of convergence. According to the electric power system dynamic state estimation method based on the synchronous phase-angle measuring device, due to the introduction of the PMU, real-time and accurate measurement information such as the voltage and the phase angel can be supplied to the system, the higher measurement redundancy rate of the system is obtained, and therefore the precision of the state estimation is improved. The electric power system dynamic state estimation method based on the synchronous phase-angle measuring device has the advantages of being good in robustness, high in state estimation precision and good in convergence performance.