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Correlations > Industry Statistics > Petroleum & coal products manufacturing > Total capital expenditures

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

Correlations between Industry > Petroleum & coal products manufacturing > Total capital expenditures ...

Variable Strength
...and  Industry > Petroleum & coal products manufacturing > Value added 87% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total value of shipments 86% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total cost of materials 85% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Support activities for mining 79% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Support activities for mining 78% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Support activities for mining 78% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Support activities for mining 77% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Petroleum and coal products manufacturing (per capita) 75% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Petroleum and coal products manufacturing (per capita) 74% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Petroleum and coal products manufacturing (per $ GDP) 71% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Oil and gas extraction (per capita) 71% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Oil and gas extraction (per capita) 71% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Value added (per $ GDP) 71% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Petroleum and coal products manufacturing (per $ GDP) 71% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Production workers wages 71% [plot | correlate | graph]
...and  Energy > Natural Gas Consumption (per capita) 70% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Petroleum and coal products manufacturing (per $ GDP) 69% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Petroleum and coal products manufacturing 69% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll 68% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Petroleum and coal products manufacturing (per capita) 67% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Number of employees 66% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers (average per year) 66% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Oil and gas extraction (per capita) 66% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Pipeline transportation (per capita) 65% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Pipeline transportation (per capita) 65% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Oil and gas extraction (per $ GDP) 65% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Oil and gas extraction (per $ GDP) 65% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers hours 62% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll (per capita) 62% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Oil and gas extraction 62% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Oil and gas extraction (per $ GDP) 61% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Support activities for mining (per capita) 61% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total value of shipments (per $ GDP) 61% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Support activities for mining (per capita) 61% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Production workers wages (per $ GDP) 60% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Oil and gas extraction 59% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Oil and gas extraction 59% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Number of employees (per capita) 57% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Pipeline transportation (per $ GDP) 57% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Pipeline transportation (per $ GDP) 57% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Management of companies and enterprises 56% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total cost of materials (per $ GDP) 56% [plot | correlate | graph]
...and  Energy > Natural Gas Consumption (per $ GDP) 56% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Support activities for mining (per $ GDP) 55% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Support activities for mining (per $ GDP) 55% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll (per $ GDP) 55% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers (average per year) (per capita) 54% [plot | correlate | graph]
...and  Energy > Total Energy Consumption (per capita) 54% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers hours (per capita) 53% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total cost of materials 52% [plot | correlate | graph]
Average: 65%

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.

SOURCE: Annual Survey of Manufactures, 2004

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