The invention discloses a Sr and Ba-doped lead niobium-stibium zirconate-titanate (PNSZT)-based piezoelectric ceramic. The piezoelectric ceramic has the chemical formula as follows: Pb0.96Sr0.03Ba0.03(Sb1 / 2Nb1 / 2)0.02(ZrxTi0.98-x) O3, wherein x is in the range of 0.51-0.525. The raw materials of the piezoelectric ceramic include Pb3O4, Nb2O5, Sb2O3, ZrO2, TiO2, SrCO3 and BaCO3. The invention also discloses a production method of the piezoelectric ceramic. The method comprises the following steps: (1) material compounding, (2) granulation, (3) molding, (4) adhesive removal, (5) sintering and (6) grinding, cleaning and polarization. The piezoelectric ceramic provided in the invention has the advantages of low price, easily-accessible raw materials, good dielectric and piezoelectric performances, good uniformity in crystal morphology, high Curie temperature, low optimal sintering temperature, and wide sintering range; and is widely used in the fields of machinery, electronics and communication.