Nicaragua is undergoing a transition from an economy based on agriculture to one based on industry and services. In 1998, agriculture still accounted for 34 percent of GDP and 42 percent of employment. The industrial sector of the Nicaraguan economy is small compared with agricultural and services. In 1998, industry provided 22 percent of the country's GDP. It also provided 15 percent of employment. The service sector is the fastest growing segment of the Nicaraguan economy. In 1998, services were also the largest sector of the economy. As a group, they accounted for 44 percent of the country's GDP and 43 percent of the workforce.