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Correlations > Industry Statistics > Miscellaneous manufacturing > Total cost of materials (per $ GDP)

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

Correlations between Industry > Miscellaneous manufacturing > Total cost of materials (per $ GDP) ...

Variable Strength
...and  Industry > Miscellaneous manufacturing > Total value of shipments (per $ GDP) 78% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Production workers wages (per $ GDP) 72% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Number of employees (per capita) 72% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Production workers (average per year) (per capita) 70% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Annual payroll (per $ GDP) 69% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Value added (per $ GDP) 64% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Annual payroll (per capita) 62% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Total capital expenditures (per $ GDP) 58% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Miscellaneous manufacturing (per $ GDP) 48% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Miscellaneous manufacturing (per $ GDP) 48% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Miscellaneous manufacturing (per capita) 46% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Miscellaneous manufacturing (per capita) 46% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers (average per year) (per capita) (inverse) 35% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers hours (per capita) (inverse) 34% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Federal Reserve banks, credit intermediation and related services (per $ GDP) 34% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Federal Reserve banks, credit intermediation and related services (per $ GDP) 34% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Chemical manufacturing 33% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Federal Reserve banks, credit intermediation and related services (per capita) 33% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Federal Reserve banks, credit intermediation and related services (per capita) 33% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Production workers wages (per $ GDP) (inverse) 31% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per $ GDP) (inverse) 31% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Bachelors (per capita) 30% [plot | correlate | graph]
...and  People > Percent of People Who are Native Hawaiian and Other Pacific Islander Alone 29% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Number of employees (per capita) (inverse) 27% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Federal Reserve banks, credit intermediation and related services (per capita) 24% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per capita) (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Federal Reserve banks, credit intermediation and related services (per $ GDP) 23% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Male (per capita) 22% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total value of shipments (per $ GDP) (inverse) 21% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Value added (per $ GDP) (inverse) 21% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total cost of materials (per $ GDP) (inverse) 21% [plot | correlate | graph]
...and  Military > Total Navy Recruits (per capita) (inverse) 20% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Construction (per capita) 19% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Educational services (per $ GDP) 19% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Educational services (per $ GDP) 19% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Undergraduate (per capita) 18% [plot | correlate | graph]
...and  Health > Adult physical disabilities (inverse) 17% [plot | correlate | graph]
...and  Housing > Percent of Occupied Housing Units With Electricity as Principal Heating Fuel (inverse) 17% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Total (per capita) 16% [plot | correlate | graph]
...and  Health > Diabetes per 100 Adults (inverse) 16% [plot | correlate | graph]
...and  Health > Avg # of Nursing Home Deficiencies (inverse) 16% [plot | correlate | graph]
...and  Health > Teen Death Rate (inverse) 15% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Miscellaneous manufacturing (per capita) 15% [plot | correlate | graph]
...and  Health > Percent of Women with High Blood Pressure (inverse) 15% [plot | correlate | graph]
...and  Health > Percent of Women who had Dental Visit 15% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total cost of materials (per $ GDP) (inverse) 15% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Educational services (per capita) 15% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Miscellaneous manufacturing (per $ GDP) 15% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Educational services (per capita) 15% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Race / Ethnicity Unknown (per capita) 15% [plot | correlate | graph]
Average: 32%

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: This term refers to direct charges actually paid or payable for items consumed or put into production during the year, including freight charges and other direct charges incurred by the establishment in acquiring these materials. It includes the cost of materials or fuel consumed, whether purchased by the individual establishment from other companies, transferred to it from other establishments of the same company, or withdrawn from inventory during the year. Per $ GDP figures expressed per 1,000 $ gross domestic product.

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