The invention belongs to the technical field of electric system operation and control, and particularly relates to an electric system state estimation method of a Phasor Measurement Unit-PMU based on an interpolation matrix. According to the method, during the updating interval period of SCADA measurement, a state, obtained through a PMU interpolation, of an area U is equivalent to prior state information of the area U, the prior state information is continuously updated at each sampling instant of the PMU, the interpolation matrix is updated when SCADA measurement and PMU measurement reach simultaneously at the next moment, and therefore the real-time running state of each node of the area U is worked out. The method has the advantages of being high in accuracy and sampling speed of PMU measurement, and can track the running state of the system accurately in real time.