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 > Machinery manufacturing

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

Correlations between Economy > GSP > Real GSP > Machinery manufacturing ...

Variable Strength
...and  Economy > GSP > Nominal GSP > Machinery manufacturing 100% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Machinery manufacturing 95% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added 93% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total value of shipments 92% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours 89% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total cost of materials 89% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Fabricated metal product manufacturing 88% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages 88% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing 87% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing 87% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll 87% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total capital expenditures 87% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added 86% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll 86% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures 85% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees 85% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers (average per year) 84% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments 84% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers (average per year) 83% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing 83% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Production workers wages 82% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages 82% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing 82% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing 82% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll 82% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Plastics and rubber products manufacturing 81% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 81% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials 80% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees 79% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 79% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 79% [plot | correlate | graph]
...and  Education > Public Libraries > Public Service Hours 78% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments 78% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities 78% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities 78% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added 78% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures 77% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Printing and related support activities 76% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Electrical equipment and appliance manufacturing 76% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials 75% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll 75% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Plastics and rubber products manufacturing 75% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers hours 75% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total capital expenditures 75% [plot | correlate | graph]
...and  Health > Number of Nursing Homes 74% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Printing and related support activities 74% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers hours 74% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 74% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Production workers (average per year) 73% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials 73% [plot | correlate | graph]
Average: 82%

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
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