A power generation element of inverse magnetostrictive type has: a first power generation part including a first magnetostrictive rod made of magnetostrictive material, a first coil wound around the first magnetostrictive rod, and a first magnetic rod having appropriate rigidity and a shape to apply a uniform compressive force or tensile force to the first magnetostrictive rod and being placed in parallel with the first magnetostrictive rod; a frame made of magnetic material bent in a substantially U shape, whose one end and other end across the bent location constitute a fixed end and free end, respectively; and a magnet. The power generation element can suppress the loss of kinetic energy while vibrating so that vibration will last long. The power generation element can be used in an actuator.