Swimming at the 2003 World Aquatics Championships – Women's 200 metre individual medley

The Women's 200m Individual Medley event at the 10th FINA World Aquatics Championships swam 20–21 July 2003 in Barcelona, Spain. Preliminary heats swam in the morning session of 20 July, with the top-16 finishers advancing to semifinal heats that evening. The top-8 finishers from the Semifinals then advanced to swim again in the Final the next evening.

At the start of the event, the World (WR) and Championship (CR) records were:
 * WR: 2:09.72 swum by Yanyan Wu (China) on October 17, 1997 in Shanghai, China.
 * CR: 2:10.86 swum by Yanyan Wu (China) on January 16, 1998 in Perth, Australia