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Correlations > Economy Statistics > GSP > Real GSP > Machinery manufacturing (per $ GDP)

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

Correlations between Economy > GSP > Real GSP > Machinery manufacturing (per $ GDP) ...

Variable Strength
...and  Economy > GSP > Nominal GSP > Machinery manufacturing (per $ GDP) 100% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing (per capita) 96% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing (per capita) 96% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total value of shipments (per $ GDP) 83% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added (per $ GDP) 81% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total cost of materials (per $ GDP) 80% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages (per $ GDP) 79% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Machinery manufacturing (per $ GDP) 78% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Machinery manufacturing (per capita) 76% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours (per capita) 75% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers (average per year) (per capita) 64% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Number of employees (per capita) 61% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total capital expenditures (per $ GDP) 60% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures (per $ GDP) 52% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing (per capita) 50% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing (per capita) 50% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing (per $ GDP) 47% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total capital expenditures (per $ GDP) 47% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing (per $ GDP) 47% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll (per $ GDP) 46% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Production workers wages (per $ GDP) 45% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Annual payroll (per capita) 45% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per capita) 45% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments (per $ GDP) 44% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing (per $ GDP) 44% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing (per $ GDP) 44% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per $ GDP) 44% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials (per $ GDP) 44% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added (per $ GDP) 43% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers (average per year) (per capita) 42% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 41% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll (per $ GDP) 41% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees (per capita) 40% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing (per capita) 40% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing (per capita) 40% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Machinery manufacturing 39% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours (per capita) 39% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Nonmetallic mineral product manufacturing (per $ GDP) 38% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Production workers (average per year) (per capita) 38% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Number of employees (per capita) 38% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Number of employees (per capita) 37% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials (per $ GDP) 37% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People in the Manufacturing Industry 37% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll (per capita) 37% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per capita) 37% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees (per capita) 36% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added (per $ GDP) 36% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments (per $ GDP) 35% [plot | correlate | graph]
Average: 52%

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: 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. Per $ GDP figures expressed per 10,000 $ gross domestic product.

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

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