A meter gauge power bogie, comprising two wheelsets arranged in a longitudinal direction of a vehicle body, a framework arranged on the wheelsets, wherein the wheelset comprises an axle extending along a width of the vehicle body and wheels press-fitted with the axle and located at both ends of the axle, the framework is an H-shaped structure formed by connecting two side beams with two transverse beams, the side beams extend in a direction perpendicular to the axle and are located on outer sides of the wheels, the transverse beams extend in a direction parallel with the axle and pass through between the two side beams, wherein the meter gauge power bogie further comprises: a driving device, comprising a rolling axial suspension box enclosing the axle between the two wheels, wherein the rolling axial suspension box is mounted on the axle via a rolling bearing; whereby a traction motor is arranged on a front side or a rear side of the rolling axial suspension box, and a gearbox is arranged between ends of the traction motor and the rolling axial suspension box at the same side and the corresponding wheel; the rolling axial suspension box is fixedly connected with a housing of the traction motor, the rolling axial suspension box and the housing of the traction motor are respectively fixedly connected with a box body of the gearbox; the housing of the traction motor is connected with the framework via a motor derrick; a first gear and a second gear are at least provided within the gearbox, the first gear is press-fitted with a motor shaft of the traction motor, and the second gear is press-fitted with the axle, and wherein a dynamic sealing structure is arranged between the gearbox box body and the axle, and the framework is provided with a first suspension device and a second suspension device, the first suspension device is arranged on the axle and between each side beam and the axle, and the second suspension device is arranged on each side beam and in the middle of each side beam. a driving device, comprising a rolling axial suspension box enclosing the axle between the two wheels, wherein the rolling axial suspension box is mounted on the axle via a rolling bearing; whereby a traction motor is arranged on a front side or a rear side of the rolling axial suspension box, and a gearbox is arranged between ends of the traction motor and the rolling axial suspension box at the same side and the corresponding wheel; the rolling axial suspension box is fixedly connected with a housing of the traction motor, the rolling axial suspension box and the housing of the traction motor are respectively fixedly connected with a box body of the gearbox; the housing of the traction motor is connected with the framework via a motor derrick; a first gear and a second gear are at least provided within the gearbox, the first gear is press-fitted with a motor shaft of the traction motor, and the second gear is press-fitted with the axle, and wherein a dynamic sealing structure is arranged between the gearbox box body and the axle, and the framework is provided with a first suspension device and a second suspension device, the first suspension device is arranged on the axle and between each side beam and the axle, and the second suspension device is arranged on each side beam and in the middle of each side beam.