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Correlations > Industry Statistics > Miscellaneous manufacturing > Total capital expenditures (per $ GDP)

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

Correlations between Industry > Miscellaneous manufacturing > Total capital expenditures (per $ GDP) ...

Variable Strength
...and  Industry > Miscellaneous manufacturing > Production workers wages (per $ GDP) 68% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Total value of shipments (per $ GDP) 65% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Value added (per $ GDP) 61% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Total cost of materials (per $ GDP) 58% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Annual payroll (per $ GDP) 52% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Miscellaneous manufacturing (per $ GDP) 52% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Miscellaneous manufacturing (per $ GDP) 52% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Miscellaneous manufacturing (per capita) 48% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Miscellaneous manufacturing (per capita) 48% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Annual payroll (per capita) 47% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Number of employees (per capita) 47% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Production workers (average per year) (per capita) 40% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Miscellaneous manufacturing (per $ GDP) 31% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Miscellaneous manufacturing (per capita) 29% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Total capital expenditures 28% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Construction (per capita) 27% [plot | correlate | graph]
...and  People > Percent of People Who are Native Hawaiian and Other Pacific Islander Alone 25% [plot | correlate | graph]
...and  Health > Change in Number with Medicaid (inverse) 25% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Construction (per $ GDP) 22% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Federal Reserve banks, credit intermediation and related services (per $ GDP) 22% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Federal Reserve banks, credit intermediation and related services (per $ GDP) 22% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Federal Reserve banks, credit intermediation and related services (per capita) 21% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Federal Reserve banks, credit intermediation and related services (per capita) 21% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Federal Reserve banks, credit intermediation and related services (per capita) 21% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Federal Reserve banks, credit intermediation and related services (per $ GDP) 20% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Production workers hours (per capita) 19% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Value added (per $ GDP) 18% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Food services and drinking places 17% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People Who are Private Wage and Salary Workers 17% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Chemical manufacturing 15% [plot | correlate | graph]
...and  Military > Army Recruits: Percent Male 14% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Retail trade 14% [plot | correlate | graph]
...and  Military > Army Recruits: Percent Female (inverse) 13% [plot | correlate | graph]
...and  Energy > Total Electricity Consumption (per capita) (inverse) 13% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Number of employees (inverse) 13% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Hospitals and nursing and residential care facilities (per capita) 12% [plot | correlate | graph]
...and  Education > Postsecondary > Number Of Institutions > Public (inverse) 12% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Retail trade (per capita) 12% [plot | correlate | graph]
...and  Energy > Total Electricity Consumption (per $ GDP) (inverse) 12% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Retail trade (per capita) 12% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Annual payroll (per capita) 12% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Bachelors (per capita) 12% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Retail trade (per capita) 11% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Utilities (per $ GDP) (inverse) 11% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Utilities (per $ GDP) (inverse) 11% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees (per capita) 11% [plot | correlate | graph]
...and  Labor > Nonmetallic mineral product manufacturing > Production workers hours (per capita) 11% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Performing arts, museums, and related activities 11% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers hours (inverse) 11% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Production workers wages (inverse) 10% [plot | correlate | graph]
Average: 26%

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.

SOURCE: Annual Survey of Manufactures, 2004

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