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US GDP (current US$) vs US Bank Lending Interest Rate
US GDP (current US$) and US Bank Lending Interest Rate correlate at r = -0.46 over 62 years (1960–2021), p = 1.8e-4. With the time trend removed, r = -0.62. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = 1.8e-4) and the association survives trend removal (detrended r = -0.62). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.46
- p-value
- 1.8e-4
- Years compared (n)
- 62 (1960–2021)
- 95% confidence interval
- -0.64 to -0.24
- Correlation with the time trend removed
- -0.62
Sources
- US GDP (current US$) (USD): World Bank. US GDP (current US$) (World Bank indicator NY.GDP.MKTP.CD).
- US Bank Lending Interest Rate (%): World Bank. US Bank Lending Interest Rate (World Bank indicator FR.INR.LEND).
Related pairs
- US GDP (current US$) vs US GDP per Capita (r = +1.00)
- Atmospheric CO₂ (Mauna Loa) vs US GDP (current US$) (r = +0.98)
- Atmospheric Methane (global) vs US GDP (current US$) (r = +0.98)
- US Federal Debt Outstanding vs US GDP (current US$) (r = +0.97)
- US GDP (current US$) vs US Resident Patent Applications (r = +0.97)
- US Cereal Yield vs US GDP (current US$) (r = +0.96)
Correlation does not imply causation. How the verdict is worked out.