Over the last five years, satellite altimetry shows average sea level rising at 1.96 mm/year. This number is likely too high, but is considerably lower than the 3.1-3.3 mm/year normally claimed.

http://sealevel.colorado.edu/current/sl_noib_global.txt

Note in the map below that the numbers are driven way up by a few areas (red) of likely erroneous data near the Philippines.

http://sealevel.colorado.edu/current/sl_noib.jpg