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US Bank Lending Interest Rate vs US Military Expenditure
US Bank Lending Interest Rate and US Military Expenditure correlate at r = +0.08 over 62 years (1960–2021), p = 0.561. With the time trend removed, r = -0.41. Not statistically significant.
Verdict: Not statistically significant. With n = 62, this correlation isn't statistically significant (p = 0.561). It could easily be chance.
- Pearson r
- +0.08
- p-value
- 0.561
- Years compared (n)
- 62 (1960–2021)
- 95% confidence interval
- -0.18 to 0.32
- Correlation with the time trend removed
- -0.41
Sources
- US Bank Lending Interest Rate (%): World Bank. US Bank Lending Interest Rate (World Bank indicator FR.INR.LEND).
- US Military Expenditure (% of GDP): World Bank. US Military Expenditure (World Bank indicator MS.MIL.XPND.GD.ZS).
Related pairs
- US Infant Mortality vs US Military Expenditure (r = +0.91)
- US Life Expectancy vs US Military Expenditure (r = -0.88)
- US Annual CO₂ Emissions vs US Military Expenditure (r = -0.88)
- US Birth Rate vs US Military Expenditure (r = +0.87)
- US Meat Consumption per Person vs US Military Expenditure (r = -0.87)
- US Nuclear Power Generation vs US Military Expenditure (r = -0.86)
Correlation does not imply causation. How the verdict is worked out.