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Correlations > Economy Statistics > GSP > Nominal GSP > Fabricated metal product manufacturing (per capita)

VIEW DATA:   Totals   Per capita   Per $ GDP  
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Showing latest available data.

Correlations between Economy > GSP > Nominal GSP > Fabricated metal product manufacturing (per capita) ...

Variable Strength
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing (per capita) 100% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing (per $ GDP) 92% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing (per $ GDP) 92% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing (per capita) 86% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added (per $ GDP) 79% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll (per capita) 78% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers (average per year) (per capita) 77% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing (per $ GDP) 75% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per capita) 75% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll (per $ GDP) 72% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments (per $ GDP) 71% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees (per capita) 68% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Production workers wages (per $ GDP) 67% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll (per capita) 61% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People in the Manufacturing Industry 61% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per $ GDP) 60% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees (per capita) 56% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll (per $ GDP) 56% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials (per $ GDP) 55% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per capita) 55% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures (per $ GDP) 55% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Electrical equipment and appliance manufacturing (per capita) 53% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Electrical equipment and appliance manufacturing (per capita) 53% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing (per capita) 49% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing (per capita) 49% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing (per capita) 48% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing (per capita) 48% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities (per $ GDP) 48% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities (per $ GDP) 48% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Electrical equipment and appliance manufacturing (per $ GDP) 48% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Electrical equipment and appliance manufacturing (per $ GDP) 48% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 48% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities (per capita) 47% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities (per capita) 47% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Production workers (average per year) (per capita) 44% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing (per $ GDP) 44% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers (average per year) (per capita) 43% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing (per $ GDP) 43% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages (per $ GDP) 43% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per $ GDP) 43% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours (per capita) 42% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Number of employees (per capita) 41% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers (average per year) (per capita) 41% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours (per capita) 41% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added (per $ GDP) 40% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per capita) 40% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Federal military (inverse) 39% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing (per $ GDP) 39% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing (per $ GDP) 39% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers hours (per capita) 38% [plot | correlate | graph]
Average: 56%

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.

VIEW FOR THIS VARIABLE:

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



DEFINITION: Fabricated metal product manufacturing, Nominal GSP (current dollars) GSP, or Gross State Product is the value of all the goods and services produced in a state. Specific industries measured will give the value of all goods and services in that industry. The Nominal Gross State Product measures the value of all the goods and services produced expressed in current prices. On the other hand, Real Gross State Product measures the value of all the goods and services produced expressed in the prices of some base year. Per capita figures expressed per 1 population.

SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.

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