FACTOID # 1: Puerto Rico has roughly the same gross state product as Montana, Wyoming and North Dakota combined.
 
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Correlations > Economy Statistics > GSP > Compensation of Employees > Real estate

DEFINITION: Real estate, Compensation of Employees (current dollars) Compensation of Employees is a statisical term which refers to the total gross (pre-tax) wages paid by employers to employeesfor work done in an accounting period, such as a quarter or a year. It represents roughly the total labor cost to an employer.
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Correlations between Economy > GSP > Compensation of Employees > Real estate ...

Variable Strength
...and  Economy > GSP > Gross Operating Surplus > Other professional, scientific and technical services 94% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Performing arts, museums, and related activities 92% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Performing arts, museums, and related activities 92% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Legal services 92% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Performing arts, museums, and related activities 92% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Real estate 92% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Real estate 92% [plot | correlate | graph]
...and  Health > Number of Abortions 92% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Legal services 92% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Legal services 92% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Broadcasting and telecommunications 92% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Broadcasting and telecommunications 92% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Ambulatory health care services 91% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Real estate 91% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > State and local 91% [plot | correlate | graph]
...and  Health > Total ADAP Clients 91% [plot | correlate | graph]
...and  Health > Total Nonfederal Physicians 91% [plot | correlate | graph]
...and  Health > Total Dentists 91% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Nonresident Alien 90% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other professional, scientific and technical services 90% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other professional, scientific and technical services 90% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Instruct. Expend.- Subtotal 90% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Broadcasting and telecommunications 90% [plot | correlate | graph]
...and  Economy > Gross State Product > Current Dollars 90% [plot | correlate | graph]
...and  Health > Aged SSI 89% [plot | correlate | graph]
...and  Economy > Personal income 89% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > State and local 89% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > State and local 89% [plot | correlate | graph]
...and  Industry > Industrial firms > Total number of establishments 89% [plot | correlate | graph]
...and  Health > Total ADAP Prescriptions Filled 89% [plot | correlate | graph]
...and  Military > Iraq War Costs 89% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Broadcasting and telecommunications 89% [plot | correlate | graph]
...and  Health > Total Personal Health Spending, FY2000 88% [plot | correlate | graph]
...and  Military > Cost of the Military 88% [plot | correlate | graph]
...and  Military > Cost of Nuclear Weapons 88% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Nonresident Alien 88% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Expenditures for Education 87% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Current Expenditures 87% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Ambulatory health care services 87% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Ambulatory health care services 87% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Revenue from All Sources 87% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Performing arts, museums, and related activities 87% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Other services, except government 87% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Total 87% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Individualized Education Program 87% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other services, except government 86% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other services, except government 86% [plot | correlate | graph]
...and  Health > Current Monthly Enrollment, June 2004 86% [plot | correlate | graph]
...and  Economy > Total tax burden 86% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Other professional, scientific and technical services 86% [plot | correlate | graph]
Average: 89%

About Correlations:

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

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NOTES:

  • Outliers have been removed only where they are outside 3 standard deviations of the mean.
  • Only variable pairs where at least 15 states match for each have been considered.
  • Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed

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