<p>Tropical rainforests play an important role in sequestering carbon (C) and mitigating climate warming. Many terrestrial biosphere models (TBMs) estimate productivity increase in tropical rainforests due to the CO<sub>2</sub> fertilization effect. However, most TBMs neglect phosphorus (P) limitation on tropical rainforest productivity. Here, we used a process-based Dynamic Land Ecosystem Model with coupled C-N-P dynamics (DLEM-CNP) with varied V<sub>cmax&#173;25 </sub>to examine how P limitation has affected C fluxes of tropical rainforests to environmental and anthropogenic factors, including N deposition, land-use changes, climate variability, and atmospheric CO<sub>2</sub>, during 1860-2018. The model results showed that consideration of the P cycle reduced the response of tropical rainforests gross primary production (GPP) by 25% and 39%, net primary production (NPP) by 25% and 43%, and net ecosystem production (NEP) by 21% and 41% to the CO<sub>2</sub> fertilization effect relative to CN-only and C-only models. The DLEM-CNP estimated that the tropical rainforests had a GPP of 41.1 + 0.5 Pg C year<sup>-1</sup>, NPP of 19.7 + 0.3 Pg C year<sup>-1 </sup>and NEP of 0.44 + 0.34 Pg C year<sup>-1</sup> under 1860-2018 environmental conditions. Factorial experiments with DLEM-CNP suggested that deforestation has stronger impacts on GPP and NPP reduction compared to the enhanced GPP and NPP benefiting from the CO<sub>2</sub> fertilization effect. Additionally, tropical rainforests NEP showed a continuously increasing trend owing to the CO<sub>2</sub> fertilization effect. Our study highlights the importance of P limitation on the C cycle and the weakened CO<sub>2</sub> fertilization effect due to nutrients limitation in the tropical rainforests.</p>