The long-term net flux of carbon between terrestrial ecosystems and the atmosphere has been dominated by two factors: changes in the area of forests and per hectare changes in forest biomass resulting from management and regrowth. While these factors are reasonably well documented in countries of the northern mid-latitudes as a result of systematic forest inventories, they are uncertain in the tropics. Recent estimates of carbon emissions from tropical deforestation have focused on the uncertainty in rates of deforestation [Achard et al., 2002, 2004; DeFries et al., 2002; Houghton, 2003]. By using the nearly the same data for biomass, however, these studies have underestimated the total uncertainty of tropical emissions and may have biased the estimates. In particular, regional and country-specific estimates of forest biomass reported by three successive assessments of tropical forest resources by the FAO [FAO/UNEP, 1981; FAO, 1995; FAO, 2001] indicate systematic changes in biomass that have not been taken into account in recent estimates of tropical carbon emissions. The ‘changes’ more likely represent improved information than real on-the-ground changes in carbon storage. In either case, however, the data have a significant effect on current estimates of carbon emissions from the tropics and, hence, on understanding the global carbon balance.