The invention discloses a suspension type submersible progressing cavity pump oil recovery device, and belongs to the technical field of oil field oil recovery lifting. The suspension type submersibleprogressing cavity pump oil recovery device includes a submersible motor connected below an oil pipe, a progressing cavity pump connected below the submersible motor and a flow guiding tube disposedoutside the submersible motor. The lower end of the flow guiding tube communicates with the progressing cavity pump, and the upper end of the flow guiding tube communicates with the oil pipe. The submersible motor is a permanent magnet low-speed high-torque motor. When a submersible progressing cavity pump oil recovery system is operated by adopting the suspension type submersible progressing cavity pump oil recovery device, the pressure of the submersible motor on a working shaft becomes the tensile force to the working shaft, the working pressure of the working shaft is reduced, and the failure of each component in the working shaft is avoided; and meanwhile, the flow guiding tube is arranged to reduce the fluid flow area of liquid and increase the flow rate of produced liquid, so that asubmersible pump disposed inside the flow guiding tube is well dissipated, and the service life of the complete suspension type submersible progressing cavity pump oil recovery device is prolonged.