The invention belongs to the technical field of space location and relates to a system and a method based on bluetooth and GPS (global positioning system) hybrid location. The system comprises a control end and a receiving end, wherein the control end is a mobile phone with bluetooth function and system software installing; the receiving end is arranged on a to-be-located object, and comprises a micro processor module, a GPS module, a GSM (global system for mobile) module, a bluetooth module and an acousto-optic module. The method comprises the following steps: performing short-distance bluetooth location, long-distance GPS location, and converting to short-distance bluetooth location from the long-distance GPS location. In order to overcome the problems that the existing single GPS location mode is poor in location precision, signals are easily shielded by a barrier, and the like, the system and the method based on GPS and bluetooth hybrid location are disclosed by utilizing the characteristics of no angle and direction limitation, strong penetrability and the like of a bluetooth signal. GPS is used for quickly locating at a long distance, and the bluetooth is used for accurately locating at a short distance, so that the location speed and accuracy are improved.