Provided are: a water absorbing resin which when used as an absorbent retains a high water absorbing ability and has such a property that the liquid to be absorbed is highly diffusible there through and can be inhibited from oozing out backward; and an absorbent article formed using an absorbent including the water absorbing resin. The water absorbing resin according to the present invention is a water absorbing resin obtained by polymerizing a water soluble ethylenic monomer in the presence of an internal cross linking agent and thereafter crosslinking the polymer with a post crosslinking agent characterized in that when subjected to a liquid flow test the water absorbing resin has an effective absorbent index (K) indicated by equation (I) of 250 or greater. Effective absorbent index (K) = [(liquid flow amount) (g)]×[(artificial urine absorption ratio) (g/g)] (I)