Reliable assessment of Mediterranean precipitation remains challenging because gridded datasets differ in their construction, observational constraints, and representation of strong spatial variability. Although station-based studies show that precipitation characteristics and trends vary across the region, widely used gridded products have not been consistently evaluated against extensive station-derived references. Here, we assess seven products for 1981–2020 against two complementary station-derived benchmarks using mean annual precipitation, interannual variability, long-term slope, and annual maximum 1-day precipitation. The benchmarks combine published statistics from more than 23 000 stations in 27 countries with extreme precipitation records from HYADES (Archive of Yearly Maxima of Daily Precipitation Records), a global archive of annual maximum daily precipitation (RX1DAY) derived from Global Historical Climatology Network-Daily observations. After aggregation, the reference network represents 2096 grid cells and covers 52% of nondesert land cells in the study domain. Multi-Source Weighted-Ensemble Precipitation (MSWEP), Multi-Source Weather (MSWX), and the Global Precipitation Climatology Centre (GPCC) product show the most consistent performance for mean precipitation, variability, and slope. Across matched grid cells, typical product-level root-mean-square errors against the station-derived references are 60–80 mm for mean annual precipitation, 25 mm for interannual variability, and 1.5 mm yr −1 for slope. For RX1DAY, the European daily high-resolution gridded dataset (E-OBS) performs best ( R 2 = 0.57), whereas the other products reach 0.18–0.30 and generally underestimate the strongest extremes. A separate analysis for 2001–20 shows stronger product agreement for precipitation changes associated with wet-day frequency than with wet-day intensity. These findings support more informed dataset selection for Mediterranean drought, flood, and water resource assessments. Significance Statement: Global datasets are widely used to study changes in Mediterranean precipitation, but they do not describe precipitation equally well. We find that Multi-Source Weighted-Ensemble Precipitation (MSWEP), Multi-Source Weather (MSWX), and Global Precipitation Climatology Centre (GPCC) best represent average conditions and year-to-year variability across the region. European daily high-resolution gridded dataset (E-OBS) captures annual daily extremes more closely than the other products, although all datasets fail to capture the strongest events. Agreement is much weaker for long-term slopes, indicating greater interproduct uncertainty in estimated temporal changes than in mean-state precipitation characteristics. These differences mean that conclusions about drought risk, flood potential, and water availability can vary depending on the dataset used. Our results support more careful dataset selection in climate assessments and practical planning for water resources and related hazards across the Mediterranean region.