The utility model discloses a circumferential slip form construction device for a concrete lining of a full-circle tunnel, which comprises a rack structure for supporting the whole device, and walkingpower devices for driving the rack structure to walk along the axis direction of the tunnel are arranged at the two ends of the rack structure; a slip form annular track used for annular movement ofthe slip form is supported and installed on the rack structure through a slip form track support, the slip form annular track is annularly arranged along the section of the tunnel, and a formwork system used for concrete forming is arranged on the slip form annular track; the sliding mold is connected with a sliding lifting power device for driving the sliding mold to slide along the annular trackof the sliding mold and realizing demolding of the sliding mold; a concrete warehousing device for concrete pouring is arranged at the top of the rack structure; and a working platform is erected between the rack structure and the slip form annular track. The construction device and method are simple in structure, convenient to assemble, disassemble and move, low in cost and controllable in quality.