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 > Wood product manufacturing (per $ GDP)

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

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

Variable Strength
...and  Economy > GSP > Nominal GSP > Wood product manufacturing (per $ GDP) 100% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Value added (per $ GDP) 95% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Wood product manufacturing (per capita) 94% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Wood product manufacturing (per capita) 94% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total value of shipments (per $ GDP) 92% [plot | correlate | graph]
...and  Labor > Wood product manufacturing > Production workers (average per year) (per capita) 90% [plot | correlate | graph]
...and  Labor > Wood product manufacturing > Production workers hours (per capita) 84% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total cost of materials (per $ GDP) 83% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wood product manufacturing (per $ GDP) 81% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total capital expenditures (per $ GDP) 78% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wood product manufacturing (per capita) 75% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Production workers wages (per $ GDP) 73% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Annual payroll (per $ GDP) 67% [plot | correlate | graph]
...and  Labor > Wood product manufacturing > Number of employees (per capita) 64% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Forestry, fishing, and related activities (per capita) 62% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers (average per year) (per capita) 49% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers hours (per capita) 48% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Forestry, fishing, and related activities (per $ GDP) 47% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Forestry, fishing, and related activities (per $ GDP) 47% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Number of employees (per capita) 46% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Production workers wages (per $ GDP) 45% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Annual payroll (per capita) 45% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Forestry, fishing, and related activities (per $ GDP) 43% [plot | correlate | graph]
...and  Health > Disability prevalence 42% [plot | correlate | graph]
...and  Energy > Total Renewable Energy Consumption (per $ GDP) 40% [plot | correlate | graph]
...and  Industry > Textile product mills > Total capital expenditures (per $ GDP) 38% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per $ GDP) 36% [plot | correlate | graph]
...and  Energy > Total Renewable Energy Consumption (per capita) 35% [plot | correlate | graph]
...and  Energy > Hydroelectric Energy Consumption (per $ GDP) 34% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total cost of materials (per $ GDP) 34% [plot | correlate | graph]
...and  Energy > Renewables Share of Total Energy 33% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per capita) 32% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total capital expenditures 31% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Forestry, fishing, and related activities (per capita) 31% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Forestry, fishing, and related activities (per capita) 31% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Administrative and support services (per capita) (inverse) 30% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Administrative and support services (per capita) (inverse) 30% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food services and drinking places (per capita) (inverse) 30% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food services and drinking places (per capita) (inverse) 30% [plot | correlate | graph]
...and  Economy > Gross State Product > Current Dollars (per capita) (inverse) 29% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Food services and drinking places (per capita) (inverse) 29% [plot | correlate | graph]
...and  Energy > Hydroelectric Energy Consumption (per capita) 29% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Annual payroll (per $ GDP) 29% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Total cost of materials (per $ GDP) 28% [plot | correlate | graph]
...and  Health > Percent of Women with Arthritis 28% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Value added (per $ GDP) 28% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total, All Grades- unknown 28% [plot | correlate | graph]
...and  Economy > Median Household Income (inverse) 28% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Total value of shipments (per $ GDP) 27% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total value of shipments (per $ GDP) 27% [plot | correlate | graph]
Average: 49%

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: Wood product 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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