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Correlations > Industry Statistics > Total Manufacturing > Total cost of materials (per $ GDP)

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Correlations between Industry > Total Manufacturing > Total cost of materials (per $ GDP) ...

Variable Strength
...and  Industry > Total Manufacturing > Total value of shipments (per $ GDP) 95% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added (per $ GDP) 71% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 68% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures (per $ GDP) 66% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per $ GDP) 53% [plot | correlate | graph]
...and  Health > Obesity Rate 50% [plot | correlate | graph]
...and  Health > Overweight and Obesity Rate 48% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers (average per year) (per capita) 48% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Real estate (per capita) (inverse) 47% [plot | correlate | graph]
...and  Housing > Median Monthly Housing Costs for Renter-occupied Housing Units (inverse) 47% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Real estate (per capita) (inverse) 46% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Real estate (per capita) (inverse) 46% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials (per $ GDP) 46% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments (per $ GDP) 45% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People in the Manufacturing Industry 45% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers (average per year) (per capita) 45% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials (per $ GDP) 45% [plot | correlate | graph]
...and  Health > Retail Rx Drugs Per Capita 44% [plot | correlate | graph]
...and  Housing > Median Monthly Housing Costs for Owner-occupied Housing Units With a Mortgage (inverse) 43% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation (per $ GDP) 43% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Production workers hours (per capita) 43% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation (per $ GDP) 43% [plot | correlate | graph]
...and  Housing > Median Housing Value of Owner-Occupied Housing Units (inverse) 43% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours (per capita) 42% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Production workers wages (per $ GDP) 42% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees (per capita) 42% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Nonmetallic mineral product manufacturing (per $ GDP) 42% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Nonmetallic mineral product manufacturing (per $ GDP) 42% [plot | correlate | graph]
...and  Health > Fruits and vegetables consumption (inverse) 41% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total cost of materials (per $ GDP) 41% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added (per $ GDP) 41% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Number of employees (per capita) 41% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total value of shipments (per $ GDP) 41% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per $ GDP) 41% [plot | correlate | graph]
...and  People > Percent of People Who are Foreign Born (inverse) 40% [plot | correlate | graph]
...and  Economy > Personal income (per capita) (inverse) 40% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing (per $ GDP) 40% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing (per $ GDP) 39% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Truck transportation (per $ GDP) 39% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments (per $ GDP) 39% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 38% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 38% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Production workers wages (per $ GDP) 38% [plot | correlate | graph]
...and  Housing > Percent of Mortgaged Owners Spending 30% or More of Household Income on Selected Monthly Owner Costs (inverse) 38% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures (per $ GDP) 38% [plot | correlate | graph]
...and  Economy > Median Earnings for Female Full-Time, Year-Round Workers (inverse) 37% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages (per $ GDP) 37% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total capital expenditures (per $ GDP) 37% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per capita) 36% [plot | correlate | graph]
...and  Education > Percent of People Who Have Completed a Bachelor's Degree (inverse) 36% [plot | correlate | graph]
Average: 45%

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 100 $ gross domestic product.

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