The invention discloses a depth estimation and color correction method for monocular underwater images based on deep neural network, which belongs to the field of image processing and computer vision. The framework consists of two parts: style transfer subnetwork and task subnetwork. The style transfer subnetwork is constructed based on generative adversarial network, which is used to transfer the apparent information of underwater images to land images and obtain abundant and effective synthetic labeled data, while the task subnetwork combines the underwater depth estimation and color correction tasks with the stack network structure, carries out collaborative learning to improve their respective accuracies, and reduces the gap between the synthetic underwater image and the real underwater image through the domain adaptation strategy, so as to improve the network's ability to process the real underwater image.