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 > Nominal GSP > Funds, trusts, and other financial vehicles

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Correlations between Economy > GSP > Nominal GSP > Funds, trusts, and other financial vehicles ...

Variable Strength
...and  Economy > GSP > Real GSP > Funds, trusts, and other financial vehicles 100% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Educational services 75% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Local Revenue- Subtotal 75% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Insurance carriers and related activities 74% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Insurance carriers and related activities 74% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Utilities 72% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Educational services 72% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Educational services 72% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Insurance carriers and related activities 72% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Hospitals and nursing and residential care facilities 72% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Hospitals and nursing and residential care facilities 72% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Educational services 72% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Hospitals and nursing and residential care facilities 71% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Hospitals and nursing and residential care facilities 71% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Other professional, scientific and technical services 70% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Legal services 69% [plot | correlate | graph]
...and  Health > Persons with AIDS Pediatric 69% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > First-Professional 68% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Apparel manufacturing 68% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Ambulatory health care services 68% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Utilities 68% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Utilities 68% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Legal services 67% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Legal services 67% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Instruct. Expend.- Subtotal 67% [plot | correlate | graph]
...and  Education > Postsecondary > Number Of Institutions > Four Year 66% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other professional, scientific and technical services 66% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other professional, scientific and technical services 66% [plot | correlate | graph]
...and  Health > Total Nonfederal Physicians 65% [plot | correlate | graph]
...and  Military > Cost of the Military 65% [plot | correlate | graph]
...and  Military > Cost of Nuclear Weapons 65% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Nonresident Alien 65% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Asian / Pacific Islander 65% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Broadcasting and telecommunications 64% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Transit and ground passenger transportation 64% [plot | correlate | graph]
...and  Health > Total Health Care Employment 64% [plot | correlate | graph]
...and  Military > Iraq War Costs 64% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Transit and ground passenger transportation 64% [plot | correlate | graph]
...and  Health > Number of Nursing Home Residents 64% [plot | correlate | graph]
...and  Health > Total State Health Care Spending 64% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Revenue from All Sources 64% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Current Expenditures 64% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Transit and ground passenger transportation 64% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Legal services 64% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Broadcasting and telecommunications 63% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Broadcasting and telecommunications 63% [plot | correlate | graph]
...and  Health > Total Dentists 63% [plot | correlate | graph]
...and  Health > Total Registered Nurses 63% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Teachers 63% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Bachelors 63% [plot | correlate | graph]
Average: 68%

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: Funds, trusts, and other financial vehicles, 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.

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

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