This work focuses on the analysis of the performance of satellite-based precipitation products for monitoring extreme rainfall events. Five precipitation products are inter-compared and evaluated in capturing indices of extreme rainfall events during 1998-2019 considering four indices of extreme rainfall. Satellite products show a variable performance, which in general indicates that the occurrence and amount of rainfall of extreme events can be both underestimated or overestimated by the datasets in a systematic way throughout the country. Also, products that consider the use of ground truth data have the best performance.