The invention discloses a rotational symmetric body electromagnetic scattering property simulation method based on matrix nest compression. The method includes the following steps: building a generatrix of a rotational symmetric body, performing subdividing and discretization to obtain subdivided line segments, establishing a binary tree grouping relation among the subdivided line segments, establishing an index relation between a near-field group and a far-field group, establishing an electric field integral equation of the rotational symmetric body, determining a simulating vector and the total number of modes, breaking every thinnest-layer far-field group mode impedance matrix into two strip-shaped matrixes to be stored respectively with a matrix extraction method, dividing the far-field group impedance matrixes into parent layer near fields and parent layer far fields through the index of layers, performing nest processing layer by layer, breaking each far-field impedance matrix into small matrixes, sequentially determining mode impedance matrixes of all the modes, solving the equations of the mode impedance matrixes one by one, calculating and obtaining far-field information according to the reciprocal theorem to complete the simulation. The method is low in memory consumption, high in equation iteration speed, and capable of efficiently simulating electromagnetic scattering properties of the rotational symmetric body in a large size.