A newly industrialized country, the Philippine economy has been transitioning from one based on agriculture to one based more on services and manufacturing. Of the country's total labor force of around 40.813 Million,[5] the agricultural sector employs close to 32% but contributes to only about 14% of GDP. The industrial sector employs around 14% of the workforce and accounts for 30% of GDP. Meanwhile the 47% of workers involved in the services sector are responsible for 56% of GDP.[167][168]