C++ Primer says
Each local static variable is initialized before the first time execution passes through the object\'s definition. Local statics are
The differences are:
The second difference can be useful to avoid the static intialisation order fiasco, where global variables can be accessed before they're initialised. By replacing the global variable with a function that returns a reference to a local static variable, you can guarantee that it's initialised before anything accesses it. (However, there's still no guarantee that it won't be destroyed before anything finishes accessing it; you still need to take great care if you think you need a globally-accessible variable. See the comments for a link to help in that situation.)