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Correlations > Industry Statistics > Petroleum & coal products manufacturing > Total cost of materials (per $ GDP)

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the individual establishment from other companies, transferred to it from other establishments of the same company, or withdrawn from inventory during the year.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.
VIEW DATA:   Totals   Per $ GDP  
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Showing latest available data.

Correlations between Industry > Petroleum & coal products manufacturing > Total cost of materials (per $ GDP) ...

Variable Strength
...and  Industry > Petroleum & coal products manufacturing > Total value of shipments (per $ GDP) 99% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll (per capita) 83% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Value added (per $ GDP) 82% [plot | correlate | graph]
...and  Energy > Natural Gas Consumption (per capita) 82% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll (per $ GDP) 82% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Production workers wages (per $ GDP) 81% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total capital expenditures (per $ GDP) 78% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Pipeline transportation (per $ GDP) 78% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Pipeline transportation (per capita) 78% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Pipeline transportation (per $ GDP) 77% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Pipeline transportation (per capita) 77% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Support activities for mining (per capita) 77% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Support activities for mining (per capita) 77% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Oil and gas extraction (per $ GDP) 77% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers hours (per capita) 76% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Oil and gas extraction (per $ GDP) 76% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Oil and gas extraction (per $ GDP) 76% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Oil and gas extraction (per capita) 75% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Oil and gas extraction (per capita) 75% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Support activities for mining (per $ GDP) 75% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Support activities for mining (per $ GDP) 75% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Oil and gas extraction (per capita) 74% [plot | correlate | graph]
...and  Energy > Natural Gas Consumption (per $ GDP) 73% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Support activities for mining (per capita) 73% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Number of employees (per capita) 70% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Support activities for mining (per $ GDP) 70% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers (average per year) (per capita) 69% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Petroleum and coal products manufacturing (per $ GDP) 61% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Petroleum and coal products manufacturing (per $ GDP) 61% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total capital expenditures 57% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Petroleum and coal products manufacturing (per capita) 55% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Petroleum and coal products manufacturing (per capita) 55% [plot | correlate | graph]
...and  Health > Percent Who Are Immunized (inverse) 51% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total cost of materials 48% [plot | correlate | graph]
...and  Energy > Total Energy Consumption (per capita) 46% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Total value of shipments 46% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Support activities for mining 46% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students (per capita) 42% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Rental and leasing services and lessors of intangible assets (per $ GDP) 42% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Management of companies and enterprises 42% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Rental and leasing services and lessors of intangible assets (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Value added 40% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Rental and leasing services and lessors of intangible assets (per $ GDP) 39% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Support activities for mining 39% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Support activities for mining 39% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Production workers wages 38% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers hours 38% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll 38% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Non-Instructional Expend.- Subtotal (per capita) 37% [plot | correlate | graph]
...and  Military > Navy Recruits: Percent Female (inverse) 37% [plot | correlate | graph]
Average: 63%

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
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