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 > Furniture and related product manufacturing

DEFINITION: Furniture and related 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.
VIEW DATA:   Totals   Per capita   Per $ GDP  
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Showing latest available data.

Correlations between Economy > GSP > Nominal GSP > Furniture and related product manufacturing ...

Variable Strength
...and  Economy > GSP > Real GSP > Furniture and related product manufacturing 100% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Furniture and related product manufacturing 98% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Total value of shipments 97% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Total cost of materials 96% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Value added 95% [plot | correlate | graph]
...and  Labor > Furniture & related product manufacturing > Number of employees 94% [plot | correlate | graph]
...and  Labor > Furniture & related product manufacturing > Production workers (average per year) 91% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Total capital expenditures 89% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Furniture and related product manufacturing 84% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Production workers wages 82% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 80% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Annual payroll 79% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages 78% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 77% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers (average per year) 76% [plot | correlate | graph]
...and  Labor > Furniture & related product manufacturing > Production workers hours 74% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees 72% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Nonmetallic mineral product manufacturing 72% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Production workers (average per year) 70% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 70% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food product manufacturing 69% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food product manufacturing 69% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Annual payroll 68% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll 68% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Value added 67% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added 67% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll 67% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 67% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 67% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 67% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Total cost of materials 66% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments 66% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > White 66% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Production workers wages 65% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Nonmetallic mineral product manufacturing 65% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Total value of shipments 65% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees 65% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Nonmetallic mineral product manufacturing 65% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Nonmetallic mineral product manufacturing 65% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Plastics and rubber products manufacturing 64% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students- White, non-Hispanic 64% [plot | correlate | graph]
...and  Health > Total SSDI Beneficiaries 64% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures 64% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials 63% [plot | correlate | graph]
...and  Labor > Nonmetallic mineral product manufacturing > Number of employees 63% [plot | correlate | graph]
...and  Education > Public Libraries > Children's Program Attendance 63% [plot | correlate | graph]
...and  Industry > Food manufacturing > Value added 63% [plot | correlate | graph]
...and  Health > Total Medicaid Spending, FY2004 63% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Number of employees 63% [plot | correlate | graph]
...and  Energy > Total Energy Consumption 63% [plot | correlate | graph]
Average: 73%

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

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