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Correlations > Industry Statistics > Electrical equipment, appliance, & component manufacturing > Total capital expenditures (per $ GDP)

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

Correlations between Industry > Electrical equipment, appliance, & component manufacturing > Total capital expenditures (per $ GDP) ...

Variable Strength
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total cost of materials (per $ GDP) 75% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per $ GDP) 73% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total value of shipments (per $ GDP) 71% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Production workers wages (per $ GDP) 70% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Electrical equipment and appliance manufacturing (per $ GDP) 70% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Electrical equipment and appliance manufacturing (per $ GDP) 70% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Electrical equipment and appliance manufacturing (per $ GDP) 61% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per capita) 60% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Value added (per $ GDP) 59% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Number of employees (per capita) 58% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Electrical equipment and appliance manufacturing (per capita) 58% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Electrical equipment and appliance manufacturing (per capita) 58% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Production workers (average per year) (per capita) 55% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Electrical equipment and appliance manufacturing (per capita) 53% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Production workers hours (per capita) 52% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours (per capita) 48% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees (per capita) 43% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added (per $ GDP) 41% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing (per $ GDP) 39% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total value of shipments (per $ GDP) 38% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 37% [plot | correlate | graph]
...and  Industry > Food manufacturing > Value added (per $ GDP) 36% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added (per $ GDP) 36% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments (per $ GDP) 35% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other professional, scientific and technical services (per $ GDP) (inverse) 35% [plot | correlate | graph]
...and  Labor > Paper manufacturing > Production workers hours (per capita) 35% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other professional, scientific and technical services (per $ GDP) (inverse) 35% [plot | correlate | graph]
...and  Labor > Paper manufacturing > Number of employees (per capita) 34% [plot | correlate | graph]
...and  Industry > Food manufacturing > Production workers wages (per $ GDP) 33% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments (per $ GDP) 33% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per $ GDP) 33% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials (per $ GDP) 33% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Production workers wages (per $ GDP) 33% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers (average per year) (per capita) 33% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Value added (per $ GDP) 33% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages (per $ GDP) 33% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total capital expenditures (per $ GDP) 32% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours (per capita) 32% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People in the Manufacturing Industry 32% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Administrative and support services (per capita) (inverse) 32% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Administrative and support services (per capita) (inverse) 31% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added (per $ GDP) 31% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total cost of materials (per $ GDP) 30% [plot | correlate | graph]
...and  Industry > Food manufacturing > Annual payroll (per $ GDP) 30% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Production workers wages (per $ GDP) 30% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Annual payroll (per $ GDP) 30% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing (per $ GDP) 30% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing (per $ GDP) 30% [plot | correlate | graph]
...and  People > Percent of People 5 to 20 Years Old With a Disability 29% [plot | correlate | graph]
Average: 43%

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: Represents the total new and used capital expenditures reported by establishments in operation and any known plants under construction. Per $ GDP figures expressed per 10,000 $ gross domestic product.

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