The 1981 Bandy World Championship was the 12th Bandy World Championship and was contested by four men's bandy playing nations.

The championship was played in Khabarovsk in the Soviet Union from 7 February-15 February 1981.

Sweden became champions for the first time.

[1] The Soviet Union had won all previous championships.

[2] Sweden champions due to better head-to-head record.