The invention discloses a karst tunnel water outburst and mud outburst overall process gradual dynamic risk assessment method. The method includes the steps that 1, in the tunnel investigation stage, the tunnel address and the hydrogeological information of the surrounding rock near the tunnel are obtained, that is, the hidden danger environment for water outburst of the tunnel is obtained, and the risk states of the geological conditions of all segments of the tunnel are known; 2, the risk rating value is worked out according to an expert evaluation vector and a factor weight vector, and consistency check is conducted; 3, danger factors are introduced to influence factors of risk evaluation, the hidden danger environment and the danger factors are considered comprehensively, water outburst risk evaluation is conducted, and the segment distribution feature with the tunnel water outburst risk is divided; 4. The values of all indexes are corrected in real time in combination with actual field construction so as to achieve dynamic evaluation of the water outburst and mud outburst risks. The purposes of optimizing construction organization design and avoiding medium and large water outburst geological disasters are achieved through dynamic construction risk evaluation and control, and important data are provided for later-period tunnel operation risks, and the method has very wide application prospects.