The invention relates to a washable ecologic wall material capable of decomposing formaldehyde. The invention not only can be used for decomposing and absorbing the formaldehyde, improving indoor moisture and absorbing indoor water content, but also is very convenient to wash and brings great convenience for people to clean the wall. The washable ecologic wall material capable of decomposing the formaldehyde is characterized by being prepared from the following components in percentage by weight: 18-29 percent of diatomite, 25-30 percent of quartz sand, 0.1 percent of fiber, 15-18 percent of bentonite, 1-3 percent of adhesive, 12-17 percent of ash calcium, 13-18 percent of water retention agent, 5-8 percent of formaldehyde purifier, 3-6.1 percent of titanium dioxide and 3-7 percent of anion powder. The invention further improves a traditional original wall material to satisfy the market needs and bring convenience and benefits to the life of people.