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US Renewable Energy Share vs US Gross Savings
US Renewable Energy Share and US Gross Savings correlate at r = -0.53 over 55 years (1970–2024), p < 0.0001. With the time trend removed, r = +0.26. Likely spurious (shared time trend).
Verdict: Likely spurious (shared time trend). Both series mostly just trend over time. After removing that trend the correlation collapses to 0.26 — the relationship is probably coincidental, not causal.
- Pearson r
- -0.53
- p-value
- < 0.0001
- Years compared (n)
- 55 (1970–2024)
- 95% confidence interval
- -0.70 to -0.31
- Correlation with the time trend removed
- +0.26
Sources
- US Renewable Energy Share (% of primary energy): Our World in Data. US Renewable Energy Share (Our World in Data: Renewables).
- US Gross Savings (% of GDP): World Bank. US Gross Savings (World Bank indicator NY.GNS.ICTR.ZS).
Related pairs
- US Renewable Energy Share vs US Federal Debt Outstanding (r = +0.99)
- US Renewable Energy Share vs US Wind Power Generation (r = +0.99)
- US Renewable Energy Share vs US CO₂ Emissions per Capita (r = -0.97)
- US Renewable Energy Share vs US Population Aged 65+ (r = +0.96)
- US Renewable Energy Share vs US GDP (current US$) (r = +0.95)
- US Renewable Energy Share vs US GDP per Capita (r = +0.94)
Correlation does not imply causation. How the verdict is worked out.