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Strength of correlation (R squared): 0.986 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > Gross State Product > Current Dollars |
Economy > GSP > Nominal GSP > State and local |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
Gross State Product in US dollars, current prices. GDP figures for the US Territories of Guam , American Samoa and Northern Mariana Islands are based on Purchasing Power Parity from 2000. US Virgin Islands GDP figure is from 2002. Puerto Rico's GDP is a 2005 estimate and also based on Purchasing Power Parity. |
State and local, Nominal GSP (current dollars) GSP, or Gross State Product is the value of all the goods and services produced in a state. Specific industries measured will give the value of all goods and services in that industry. The Nominal Gross State Product measures the value of all the goods and services produced expressed in current prices. On the other hand, Real Gross State Product measures the value of all the goods and services produced expressed in the prices of some base year.
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| Source: |
US Census Bureau, 2004. |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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| Correlations: |
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