This ratio was 0.79% in 2007 and 0.72% in 2008 and remains very modest in comparison with the average in many subgroups of comparable developing countries (figure 5). Projections by the Ministry of Economy, however, are more prudent or even pessimistic. The macroeconomic forecasting framework they used shows that total remittance inflows saw a net decline on a year base of 25% in 2009 and a further fall of 39% in 2010, before returning to a 70% increase in 2011 (MINEPAT 2009). Ratha, Mohapatra and Silwal (2009).