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Correlations > Industry Statistics > Transportation equipment manufacturing > Total capital expenditures (per $ GDP)

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 100,000 $ gross domestic product.
VIEW DATA:   Totals   Per $ GDP  
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Showing latest available data.

Correlations between Industry > Transportation equipment manufacturing > Total capital expenditures (per $ GDP) ...

Variable Strength
...and  Industry > Transportation equipment manufacturing > Production workers wages (per $ GDP) 73% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Production workers hours (per capita) 72% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total value of shipments (per $ GDP) 70% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Number of employees (per capita) 69% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Annual payroll (per $ GDP) 69% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Value added (per $ GDP) 67% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total cost of materials (per $ GDP) 67% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total capital expenditures 61% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Annual payroll (per capita) 60% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 56% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 56% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing (per capita) 50% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing (per capita) 50% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Production workers wages (per $ GDP) 49% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 49% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per $ GDP) 47% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Production workers (average per year) (per capita) 45% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Number of employees 44% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People in the Manufacturing Industry 44% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per capita) 41% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments (per $ GDP) 40% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per $ GDP) 40% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures (per $ GDP) 40% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total cost of materials 39% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments (per $ GDP) 38% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Production workers hours 38% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing 37% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing 37% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers (average per year) (per capita) 37% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Production workers wages 37% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials (per $ GDP) 37% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added (per $ GDP) 37% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total value of shipments 36% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers (average per year) (per capita) 36% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours (per capita) 35% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Primary metal manufacturing (per $ GDP) 35% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures (per $ GDP) 35% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total cost of materials (per $ GDP) 34% [plot | correlate | graph]
...and  Health > Obesity Rate 34% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total cost of materials 33% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added (per $ GDP) 32% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 32% [plot | correlate | graph]
...and  Industry > Furniture & related product manufacturing > Total cost of materials (per $ GDP) 32% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Number of employees (per capita) 32% [plot | correlate | graph]
...and  Energy > Coal Consumption (per $ GDP) 32% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total value of shipments (per $ GDP) 32% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Motor vehicle, body, trailer, and parts manufacturing (per capita) 31% [plot | correlate | graph]
...and  Energy > Coal Consumption (per capita) 30% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total capital expenditures 30% [plot | correlate | graph]
Average: 44%

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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