A meter gauge power bogie and a meter gauge vehicle, the meter gauge power bogie includes two wheelsets, a framework arranged on the wheelsets and a driving device, the wheelset includes an axle extending along the width of the vehicle body and wheels press-fitted with the axle and located at both ends of the axle, a traction motor is arranged at a front side or a rear side of a rolling axial suspension box, and via the rolling axial suspension box enclosing an axle of the driving device of the bogie and a gearbox being 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, the traction motor and the gearbox are fixedly connected, and thus form an integral structure.