Abstract. Understanding the interactions among climate, vegetation cover and the water cycle lies at the heart of the study of watershed ecohydrology. Recently, considerable attention is being paid to the effect of climate variability (e.g., precipitation and temperature) on catchment water balance and also associated vegetation cover. In this paper, we investigate the general pattern of long-term water balance and vegetation cover (as reflected in fPAR) among 193 study catchments in Australia through statistical analysis. We then employ the elasticity analysis approach for quantifying the effects of climate variability on hydrologic partitioning (including total runoff, surface and subsurface runoff) and on vegetation cover (including total, woody and non-woody vegetation cover). Based on the results of statistical analysis, we conclude that annual runoff (R), evapotranspiration (E) and runoff coefficient (R/P) all increase with vegetation cover for catchments in which woody vegetation is dominant and annual precipitation is relatively high. Annual evapotranspiration (E) is mainly controlled by water availability rather than energy availability for catchments in relatively dry climates in which non-woody vegetation is dominant. The ratio of subsurface runoff to total runoff (Rg/R) also increases with woody vegetation cover. Through the elasticity analysis of catchment runoff, it is shown that precipitation (P) in the current year is the most important factor affecting the change in annual total runoff (R), surface runoff (Rs) and subsurface runoff (Rg). The significance of other controlling factors is in the order of the annual precipitation in the previous year (P−1 and P−2), which represent the net effect of soil moisture, and the annual mean temperature (T) in the current year. Change of P by +1 % causes a +3.35 % change of R, a +3.47 % change of Rs and a +2.89 % change of Rg, on average. Likewise a change of temperature of +1° causes a −0.05 % change of R, a −0.07 % change of Rs and a −0.10 % change of Rg, on average. Results of elasticity analysis on the maximum monthly vegetation cover indicate that incoming shortwave radiation during the growing season (Rsd,grow) is the most important factor affecting the change in vegetation cover. Change of Rsd,grow by +1 % produces a −1.08 % change of total vegetation cover (Ft) on average. The significance of other causative factors is in the order of the precipitation during growing season, mean temperature during growing season and precipitation during non-growing season. The growing season precipitation is more significant than the non-growing season precipitation to non-woody vegetation cover, but the both have equivalent effects to woody vegetation cover.