AbstractWe expand on a recent determination of the first global energy spectrum of the ocean's surface geostrophic circulation (Storer et al., 2022, https://doi.org/10.1038/s41467-022-33031-3) using a coarse‐graining (CG) method. We compare spectra from CG to those from spherical harmonics by treating land in a manner consistent with the boundary conditions. While the two methods yield qualitatively consistent domain‐averaged results, spherical harmonics spectra are too noisy at gyre‐scales (>1,000 km). More importantly, spherical harmonics are inherently global and cannot provide local information connecting scales with currents geographically. CG shows that the extra‐tropics mesoscales (100–500 km) have a root‐mean‐square (rms) velocity of ∼15 cm/s, which increases to ∼30–40 cm/s locally in the Gulf Stream and Kuroshio and to ∼16–28 cm/s in the ACC. There is notable hemispheric asymmetry in mesoscale energy‐per‐area, which is higher in the north due to continental boundaries. We estimate that ≈25%–50% of total geostrophic energy is at scales smaller than 100 km, and is un(der)‐resolved by pre‐SWOT satellite products. Spectra of the time‐mean circulation show that most of its energy (up to 70%) resides in stationary eddies with characteristic scales smaller than (<500 km). This highlights the preponderance of “standing” small‐scale structures in the global ocean due to the temporally coherent forcing by boundaries. By coarse‐graining in space and time, we compute the first spatio‐temporal global spectrum of geostrophic circulation from AVISO and NEMO. These spectra show that every length‐scale evolves over a wide range of time‐scales with a consistent peak at ≈200 km and ≈2–3 weeks.