Multi-Source Weighted-Ensemble Precipitation (MSWEP) is a sub-daily precipitation dataset with full global coverage at 0.1° resolution, spanning the period 1979 to present. It is updated in near real-time with a latency of three hours, making it suitable for operational applications and for taking a quick look at recent anomalous precipitation events and placing them in context. No other precipitation dataset combines these characteristics. MSWEP does have some limitations, including a time- and space-varying number a daily gauge observations incorporated into the product, using a precipitation probability distribution that is based on reanalysis, and not making corrections for gauge undercatch.