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

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

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

Variable Strength
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments (per $ GDP) 93% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added (per $ GDP) 93% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per $ GDP) 89% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing (per $ GDP) 83% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing (per $ GDP) 82% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per capita) 77% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Production workers wages (per $ GDP) 76% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing (per capita) 75% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing (per capita) 75% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Plastics and rubber products manufacturing (per $ GDP) 71% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 65% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Production workers wages (per $ GDP) 60% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Plastics and rubber products manufacturing (per capita) 60% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total cost of materials (per $ GDP) 58% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total value of shipments (per $ GDP) 57% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People in the Manufacturing Industry 57% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per $ GDP) 55% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total cost of materials (per $ GDP) 55% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials (per $ GDP) 55% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments (per $ GDP) 54% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours (per capita) 53% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments (per $ GDP) 52% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing (per $ GDP) 51% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Electrical equipment and appliance manufacturing (per $ GDP) 51% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added (per $ GDP) 51% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Electrical equipment and appliance manufacturing (per $ GDP) 51% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added (per $ GDP) 50% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Nonmetallic mineral product manufacturing (per $ GDP) 50% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers (average per year) (per capita) 49% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Nonmetallic mineral product manufacturing (per $ GDP) 49% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Nonmetallic mineral product manufacturing (per $ GDP) 49% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per $ GDP) 48% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Production workers hours (per capita) 48% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures (per $ GDP) 47% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Number of employees (per capita) 47% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing (per $ GDP) 47% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing (per $ GDP) 47% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added (per $ GDP) 46% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials (per $ GDP) 46% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Value added (per $ GDP) 44% [plot | correlate | graph]
...and  Health > Tobacco use > Total current smokers 44% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing (per $ GDP) 44% [plot | correlate | graph]
...and  Health > Tobacco use > Everyday smokers 44% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing (per $ GDP) 44% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Production workers (average per year) (per capita) 43% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total value of shipments (per $ GDP) 43% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total capital expenditures (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total capital expenditures (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll (per $ GDP) 41% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages (per $ GDP) 41% [plot | correlate | graph]
Average: 56%

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.

SOURCE: Annual Survey of Manufactures, 2004

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