Physical water scarcities can be described by water stress indices. These are often determined at an annual scale and a watershed level; however, such scales mask seasonal fluctuations and spatial heterogeneity within a watershed. In order to account for this level of detail, first and foremost, water availability estimates must be improved and refined. State-of-the-art global hydrological models such as WaterGAP and UNH/GRDC have previously been unable to reliably reflect water availability at the subbasin scale. In this study, the Soil and Water Assessment Tool (SWAT) was tested as an alternative to global models, using the case study of the Mississippi watershed. While SWAT clearly outperformed the global models at the scale of a large watershed, it was judged to be unsuitable for global scale simulations due to the high calibration efforts required. The results obtained in this study show that global assessments miss out on key aspects related to upstream/downstream relations and monthly fluctuations, which are important both for the characterization of water scarcity in the Mississippi watershed and for water footprints. Especially in arid regions, where scarcity is high, these models provide unsatisfying results.