This is the publisher’s final pdf. The published article is copyrighted by the American Meteorological Society and can be found at: https://www2.ametsoc.org/ams/index.cfm/publications/journals/journal-of-climate/Interannual variation in precipitation totals is a critical factor governing the year-to-year availability of water resources, yet the connection between interannual precipitation variability and underlying event- and season-scale precipitation variability remains unclear. In this study, tropical and midlatitude precipitation characteristics derived from extensive station records and high-frequency satellite observations were analyzed to attribute the fraction of interannual variability arising as a result of individual variability ...