Correlation Analysis

Statistical relationships between economic and societal indicators

Analysis Year: 2024

GDP Growth ↔ Poverty Rate

Higher GDP growth tends to reduce poverty

Weak
-1.0 0 +1.0

+0.264

Positive correlation

Unemployment ↔ Crime Rate

Employment levels influence crime patterns

Weak
-1.0 0 +1.0

+0.366

Positive correlation

Inflation ↔ Poverty Rate

Rising prices disproportionately affect the poor

Weak
-1.0 0 +1.0

+0.126

Positive correlation

GDP Growth ↔ Life Expectancy

Economic prosperity correlates with health outcomes

Moderate
-1.0 0 +1.0

-0.470

Negative correlation

Interpreting Correlations

Correlation Strength

0.7 to 1.0: Strong
0.4 to 0.7: Moderate
0.0 to 0.4: Weak

Positive Correlation

When one variable increases, the other also tends to increase. Example: GDP and life expectancy often move together.

Negative Correlation

When one variable increases, the other tends to decrease. Example: GDP growth typically reduces poverty rates.

GDP Growth vs Poverty

Unemployment vs Crime