The standardized precipitation evapotranspiration index (SPEI) was developed in 2010 and has been used in an increasing number of climatology and hydrology studies. The objective of this article is to describe computing options that provide flexible and robust use of the SPEI. In particular, we present methods for estimating the parameters of the log‐logistic distribution for obtaining standardized values, methods for computing reference evapotranspiration (ET₀), and weighting kernels used for calculation of the SPEI at different time scales. We discuss the use of alternative ET₀ and actual evapotranspiration (ET_a) methods and different options on the resulting SPEI series by use of observational and global gridded data. The results indicate that the equation used to calculate ET₀ can have a significant effect on the SPEI in some regions of the world. Although the original formulation of the SPEI was based on plotting‐positions Probability Weighted Moment (PWM), we now recommend use of unbiased PWM for model fitting. Finally, we present new software tools for computation and analysis of SPEI series, an updated global gridded database, and a real‐time drought‐monitoring system.

Drought indices are essential metrics for quantifying drought severity and identifying possible changes in the frequency and duration of drought hazards. In this study, we developed a new high spatial resolution dataset of drought indices covering all of Spain. The dataset includes seven drought indices, spans the period 1961–2014, and has a spatial resolution of 1.1 km and a weekly temporal resolution. A web portal has been created to enable download and visualization of the data. The data can be downloaded as single gridded points for each drought index, but the entire drought index dataset can also be downloaded in netCDF4 format. The dataset will be updated for complete years as the raw meteorological data become available.

This article developed and implemented a new methodology for calculating the standardized evapotranspiration deficit index (SEDI) globally based on the log-logistic distribution to fit the evaporation deficit (ED), the difference between actual evapotranspiration (ETa) and atmospheric evaporative demand (AED). Our findings demonstrate that, regardless of the AED dataset used, a log-logistic distribution most optimally fitted the ED time series. As such, in many regions across the terrestrial globe, the SEDI is insensitive to the AED method used for calculation, with the exception of winter months and boreal regions. The SEDI showed significant correlations ( p < 0.05) with the standardized precipitation evapotranspiration index (SPEI) across a wide range of regions, particularly for short (<3 month) SPEI time scales. This work provides a robust approach for calculating spatially and temporally comparable SEDI estimates, regardless of the climate region and land surface conditions, and it assesses the performance and the applicability of the SEDI to quantify drought severity across varying crop and natural vegetation areas.