Results/Conclusions: Using time series of the enhanced vegetation index (EVI), a NEE-light-use model, and path-analysis we found that the estimated quantum yield (a’) optimal rate of gross primary production (FGPP,opt), and daytime ecosystem respiration (FRE,day) were directly affected by seasonal and interannual variations in monthly EVI, precipitation, photosynthetically active radiation (PAR), and the atmospheric vapor pressure deficit (VPD). However, indirect effects of precipitation on FGPP,opt were stronger than direct effects because an increase in precipitation also lead to an increase in the EVI and a decrease in the VPD. Daytime rates of net CO2 uptake and nighttime rates of net CO2 efflux were significantly higher during the wet season and in cooler and wetter years; however, seasonal and interannual variations in average daily NEE were small because CO2 gain and loss were both reduced during times of drought. Interestingly, net CO2 uptake was often higher during the dry season because respiration was limited more by seasonal drought than canopy photosynthesis. Thus, while warmer and drier conditions associated with anthropogenic climate change and El Niño will significantly affect CO2 gain and loss processes of semi-deciduous tropical forests the overall effect of climate change on net ecosystem CO2 exchange is complex and will depend on changes in temperature interact with changes in rainfall.