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 > Retail trade (per $ GDP)

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

Correlations between Economy > GSP > Nominal GSP > Retail trade (per $ GDP) ...

Variable Strength
...and  Economy > GSP > Real GSP > Retail trade (per $ GDP) 100% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Retail trade (per $ GDP) 71% [plot | correlate | graph]
...and  Economy > Gross State Product > Current Dollars (per capita) (inverse) 60% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Ambulatory health care services (per $ GDP) 47% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Ambulatory health care services (per $ GDP) 47% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total value of shipments (per $ GDP) 42% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Other services, except government (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Value added (per $ GDP) 41% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total capital expenditures (per $ GDP) 40% [plot | correlate | graph]
...and  Military > Cost of Nuclear Weapons (per capita) (inverse) 39% [plot | correlate | graph]
...and  Military > Cost of the Military (per capita) (inverse) 39% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Production workers wages (per $ GDP) 36% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per $ GDP) 36% [plot | correlate | graph]
...and  Economy > Personal income (per $ GDP) 34% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food services and drinking places (per $ GDP) 33% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food services and drinking places (per $ GDP) 33% [plot | correlate | graph]
...and  Education > Assessments > % of Students Above Basic > Grade 4 Writing (inverse) 32% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers (average per year) (per capita) 32% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total cost of materials (per $ GDP) 32% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > State and local (per capita) (inverse) 32% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > State and local (per capita) (inverse) 31% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers hours (per capita) 31% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per capita) 31% [plot | correlate | graph]
...and  Economy > Median Earnings for Male Full-Time, Year-Round Workers (inverse) 30% [plot | correlate | graph]
...and  Education > Assessments > Scale Score, Grade 4 Writing (inverse) 30% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other professional, scientific and technical services (per capita) (inverse) 29% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other professional, scientific and technical services (per capita) (inverse) 29% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Expenditures for Education (per capita) (inverse) 29% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Funds, trusts, and other financial vehicles (per capita) (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Food services and drinking places (per $ GDP) 28% [plot | correlate | graph]
...and  Education > Assessments > % of Students Above Proficient > Grade 4 Writing (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Funds, trusts, and other financial vehicles (per capita) (inverse) 28% [plot | correlate | graph]
...and  Economy > Personal income (per capita) (inverse) 27% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Other professional, scientific and technical services (per capita) (inverse) 26% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Doctors (per capita) (inverse) 26% [plot | correlate | graph]
...and  Economy > Median Earnings for Female Full-Time, Year-Round Workers (inverse) 26% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Annual payroll (inverse) 26% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Funds, trusts, and other financial vehicles (per $ GDP) (inverse) 25% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Funds, trusts, and other financial vehicles (per $ GDP) (inverse) 25% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Construction (per capita) (inverse) 25% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Current Expenditures (per capita) (inverse) 25% [plot | correlate | graph]
...and  Education > Public Libraries > Local Revenue (per capita) (inverse) 25% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Construction (per capita) (inverse) 25% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Support Services Expenditure- Subtotal (per capita) (inverse) 25% [plot | correlate | graph]
...and  Industry > Textile product mills > Total capital expenditures (per $ GDP) 24% [plot | correlate | graph]
...and  Military > DOD Inactive Military Employees > Salaries & Wages (per $ GDP) 24% [plot | correlate | graph]
...and  Education > Public Libraries > Total Revenue (per capita) (inverse) 24% [plot | correlate | graph]
...and  Economy > Median Family Income (inverse) 23% [plot | correlate | graph]
...and  Education > Public Libraries > Total Operating Expenditures (per capita) (inverse) 23% [plot | correlate | graph]
...and  Education > Public Libraries > Total Staff Expenditures (per capita) (inverse) 23% [plot | correlate | graph]
Average: 33%

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: Retail trade, 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 $ GDP figures expressed per 100 $ gross domestic product.

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

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