External trade is central to the two economies

Since their last review in 2004, the economies of Switzerland and Liechtenstein have grown on average by 2,7% per year for Switzerland and 2,2% for Liechtenstein, led by exports and private consumption, according to a WTO Secretariat joint report on the trade policies and practices of both countries issued in December 2008. External trade (including access to foreign markets) is central to both economies; their ratios of external trade to GDP exceed 100%.