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

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

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

Variable Strength
...and  Industry > Primary metal manufacturing > Production workers wages (per $ GDP) 90% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total value of shipments (per $ GDP) 87% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total cost of materials (per $ GDP) 86% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Value added (per $ GDP) 84% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers hours (per capita) 82% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Primary metal manufacturing (per $ GDP) 81% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Primary metal manufacturing (per $ GDP) 81% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Primary metal manufacturing (per capita) 72% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Primary metal manufacturing (per capita) 72% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Annual payroll (per $ GDP) 68% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > CO2 (per capita) 59% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > NOx (per capita) 59% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > NOx (per $ GDP) 58% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > SO2 (per $ GDP) 58% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > CO2 (per $ GDP) 57% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > SO2 (per capita) 53% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers (average per year) (per capita) 51% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total capital expenditures 50% [plot | correlate | graph]
...and  Health > Percent of Women with Arthritis 49% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials (per $ GDP) 49% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Annual payroll (per capita) 47% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total cost of materials 47% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Number of employees (per capita) 45% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total value of shipments 44% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 43% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 43% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing (per capita) 41% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing (per capita) 41% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Primary metal manufacturing (per $ GDP) 38% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 38% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Production workers wages 38% [plot | correlate | graph]
...and  Energy > Conservation/Energy-Efficiency R & D Programs- Expenditures (per $ GDP) 38% [plot | correlate | graph]
...and  Education > Bachelor's degree or higher, by percentage (inverse) 38% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Total capital expenditures (per $ GDP) 38% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Value added 37% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments (per $ GDP) 36% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures (per $ GDP) 36% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Mining, except oil and gas (per $ GDP) 35% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Mining, except oil and gas (per $ GDP) 35% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers hours 35% [plot | correlate | graph]
...and  Health > Tobacco use > Everyday smokers 34% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Primary metal manufacturing 34% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Primary metal manufacturing 34% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Primary metal manufacturing 34% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total value of shipments (per $ GDP) 33% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Mining, except oil and gas (per $ GDP) 33% [plot | correlate | graph]
...and  Energy > Coal Consumption (per $ GDP) 33% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Mining, except oil and gas (per capita) 33% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Mining, except oil and gas (per capita) 33% [plot | correlate | graph]
...and  Education > Percent of People Who Have Completed a Bachelor's Degree (inverse) 32% [plot | correlate | graph]
Average: 49%

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 1 million $ gross domestic product.

SOURCE: Annual Survey of Manufactures, 2004

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