no you are not getting it wrong.Local is the portion of the global searches that are done in the area you have specified.
If you specified a country or language for your search, this is the approximate 12-month average number of user queries for the keyword for those countries and languages
The approximate 12-month average of user queries for the keyword on Google.co.uk and the Google Search Network
They are both monthly as you can see from the labels and they are both calculated as the 12month average.
What adwords say for the local :Code:If you specified a country or language for your search, this is the approximate 12-month average number of user queries for the keyword for those countries and languages
For the global :Code:The approximate 12-month average of user queries for the keyword on Google.co.uk and the Google Search Network
Thanks for your replies,
If the global searches were monthly then I'm opening a travel agency soon ... LOL
Local Search Volume: [Last Available Month]: This column shows the approximate number of search queries matching each keyword. This statistic applies to searches performed on Google and the search network in the most recent month that we have data for. It's specific to your targeted country and language as well as your selection from the Match Type drop-down menu. If we don't have enough data for a particular keyword, you'll see not enough data.
Global Monthly Search Volume: This column shows the approximate average monthly number of search queries matching each keyword. This statistic applies to searches performed on Google and the search network over a recent 12-month period. It includes traffic in all countries and languages but is specific to your selection from the Match Type drop-down menu. If we don't have enough data for a particular keyword, you'll see not enough data.
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