The 3.2 +/- 0.2 millimeter per year global mean sea level rise observed by
the Topex/Poseidon satellite over 1993-98 is fully explained by thermal exp
ansion of the oceans. For the period 1955-96, sea level rise derived from t
ide gauge data agrees well with thermal expansion computed at the same loca
tions. However, we find that subsampling the thermosteric sea level at usua
l tide gauge positions leads to a thermosteric sea level rise twice as larg
e as the "true" global mean. As a possible consequence, the 20th century se
a level rise estimated from tide gauge records may have been overestimated.