Remittances from overseas Filipinos contribute significantly to the Philippine economy. Remittances peaked in 2006 at 10.4% of the national GDP, and were 8.6% and 8.5% in 2012 and in 2014 respectively. In 2014 the total worth of foreign exchange remittances was US$28 billion. Regional development is uneven, with Luzon – Metro Manila in particular – gaining most of the new economic growth at the expense of the other regions. Service industries such as tourism and business process outsourcing have been identified as areas with some of the best opportunities for growth for the country. The Business Process Outsourcing (BPO) industry is composed of eight sub-sectors, namely, knowledge process outsourcing and back offices, animation, call centers, software development, game development, engineering design, and medical transcription. , the Philippines was reported as having eclipsed India as the main center of BPO services in the world.