In this study, Kajiyama equation and SWAT model were used to estimate the available water resources from 1967 to 2003 at the small scale watershed, located in Dongnae-Myeon, Chunchen, Gangwon. The annual average streamflow for dry years estimated using the Kajiyama equation and the SWAT model were $2,593,779m^3$ and $2,579,162m^3$. The annual average streamflow for wet years were $7,223,804m^3$ and $7,035,253m^3$, respectively. The annual arrange streamflow for the entire 36 year period were $14,868,601m^3$ and $14,214,292m^3$, respectively. The coefficient of determination ($R^2$) and the Nash-Sutcliffe coefficient for comparison between Kajiyama and SWAT were 0.90 and 0.79, respectively. The comparison indicates that the Kajiyama equation and the SWAT model can be used to estimate the streamflow at th study watershed with reasonable accuracy, although the estimated values were not compared with measured streamflow data, which is not available at the small scale study watershed. However, the Kajiyama equation is recommended for estimating available water resources at Dongnae-Myeon watershed because of its ease-of-use and reasonable accuracy compared with the SWAT model, requiring numerous model input and expensive GIS software in operating the model