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

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

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

Variable Strength
...and  Industry > Primary metal manufacturing > Total value of shipments (per $ GDP) 98% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Value added (per $ GDP) 93% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Primary metal manufacturing (per $ GDP) 87% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Primary metal manufacturing (per $ GDP) 87% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total capital expenditures (per $ GDP) 86% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Production workers wages (per $ GDP) 80% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Primary metal manufacturing (per capita) 77% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers hours (per capita) 77% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Primary metal manufacturing (per capita) 76% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > NOx (per $ GDP) 60% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers (average per year) (per capita) 59% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Primary metal manufacturing (per $ GDP) 58% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 57% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 57% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > NOx (per capita) 57% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > SO2 (per $ GDP) 56% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Annual payroll (per $ GDP) 55% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing (per capita) 54% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing (per capita) 54% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total cost of materials 52% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 50% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > SO2 (per capita) 49% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials (per $ GDP) 48% [plot | correlate | graph]
...and  Health > Percent of Women with Arthritis 48% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total value of shipments 47% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total capital expenditures 46% [plot | correlate | graph]
...and  Energy > Coal Consumption (per $ GDP) 46% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > CO2 (per capita) 45% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures (per $ GDP) 44% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > CO2 (per $ GDP) 43% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Primary metal manufacturing (per capita) 42% [plot | correlate | graph]
...and  Education > Bachelor's degree or higher, by percentage (inverse) 42% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Production workers wages (per $ GDP) 42% [plot | correlate | graph]
...and  Energy > Coal Consumption (per capita) 41% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added (per $ GDP) 40% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Total capital expenditures (per $ GDP) 40% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per $ GDP) 39% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments (per $ GDP) 38% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments (per $ GDP) 38% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Value added 38% [plot | correlate | graph]
...and  Education > Percent of People Who Have Completed a Bachelor's Degree (inverse) 37% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Number of employees (per capita) 37% [plot | correlate | graph]
...and  Health > Tobacco use > Everyday smokers 36% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing (per $ GDP) 36% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per $ GDP) 36% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments (per $ GDP) 36% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Production workers wages 35% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added (per $ GDP) 35% [plot | correlate | graph]
...and  People > Percent of People 21 to 64 Years Old With a Disability 35% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People in the Manufacturing Industry 34% [plot | correlate | graph]
Average: 52%

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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