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 > Real GSP > Chemical manufacturing

VIEW DATA:   Totals   Per capita   Per $ GDP  
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Correlations between Economy > GSP > Real GSP > Chemical manufacturing ...

Variable Strength
...and  Economy > GSP > Nominal GSP > Chemical manufacturing 100% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Chemical manufacturing 94% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Chemical manufacturing 89% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total capital expenditures 74% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Value added 73% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Annual payroll 69% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total value of shipments 68% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Warehousing and storage 65% [plot | correlate | graph]
...and  Health > Number of Inpatient Beds 64% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Warehousing and storage 64% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Warehousing and storage 64% [plot | correlate | graph]
...and  Health > Inpatient Census 63% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Nonmetallic mineral product manufacturing 63% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Utilities 62% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Production workers (average per year) 61% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Apparel manufacturing 61% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Nonmetallic mineral product manufacturing 61% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Nonmetallic mineral product manufacturing 61% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 61% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Annual payroll 61% [plot | correlate | graph]
...and  Health > Number of Nursing Home Residents 61% [plot | correlate | graph]
...and  Health > Total State Expenditures on Mental Health 60% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 60% [plot | correlate | graph]
...and  Health > Total State Health Care Spending 60% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Production workers wages 59% [plot | correlate | graph]
...and  Health > Total Registered Nurses 59% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Local Revenue- Subtotal 59% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Hospitals and nursing and residential care facilities 59% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Hospitals and nursing and residential care facilities 59% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Production workers hours 59% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Hospitals and nursing and residential care facilities 59% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Production workers wages 59% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 59% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 59% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers (average per year) 59% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities 58% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total cost of materials 58% [plot | correlate | graph]
...and  Health > Total Sales for Retail Rx Drugs 58% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities 58% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Value added 58% [plot | correlate | graph]
...and  Education > Public Libraries > Children's Program Attendance 58% [plot | correlate | graph]
...and  Health > Total Health Care Employment 58% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total value of shipments 58% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Utilities 58% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Utilities 58% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Nonmetallic mineral product manufacturing 57% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Printing and related support activities 57% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Utilities 57% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Warehousing and storage 57% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 57% [plot | correlate | graph]
Average: 63%

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



DEFINITION: Chemical manufacturing, Real GSP (chained 2000 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.

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