The settling velocity of sediment is one of the essential parameters in studying freshwater reservoirs and transporting sediment in flowing water, mainly when the suspension is the dominant process. Hence, their quantitative measurements are crucial. An error during the prediction of the settling velocity may be increased by a factor of three or more in the estimation of the suspended load transport in the flowing water. Despite its significance, obtaining its real value in situ is practically impossible, and it is usually derived via laboratory tests or anticipated by empirical formulas. Numerous equations are available to calculate the settling velocity of the particle. However, it is exceedingly difficult to choose the best method when giving a specific solution for the same problem. Hence, a review of the existing equations is required. In this study, extensive data on settling velocity is collected from the literature, and previously proposed equations are analysed using graphical and statistical analysis.