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Correlations > Industry Statistics > Food manufacturing > Value added (per $ GDP)

VIEW DATA:   Totals   Per $ GDP  
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Showing latest available data.

Correlations between Industry > Food manufacturing > Value added (per $ GDP) ...

Variable Strength
...and  Industry > Food manufacturing > Total value of shipments (per $ GDP) 87% [plot | correlate | graph]
...and  Industry > Food manufacturing > Annual payroll (per $ GDP) 86% [plot | correlate | graph]
...and  Industry > Food manufacturing > Production workers wages (per $ GDP) 84% [plot | correlate | graph]
...and  Industry > Food manufacturing > Annual payroll (per capita) 76% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total cost of materials (per $ GDP) 69% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation (per $ GDP) 67% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation (per $ GDP) 67% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation (per capita) 66% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation (per capita) 66% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total capital expenditures (per $ GDP) 66% [plot | correlate | graph]
...and  Labor > Food manufacturing > Production workers (average per year) (per capita) 64% [plot | correlate | graph]
...and  Labor > Food manufacturing > Production workers hours (per capita) 64% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Truck transportation (per $ GDP) 57% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Truck transportation (per capita) 54% [plot | correlate | graph]
...and  Labor > Food manufacturing > Number of employees (per capita) 51% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food product manufacturing (per capita) 44% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food product manufacturing (per capita) 44% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Production workers wages (per $ GDP) 41% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food product manufacturing (per $ GDP) 39% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food product manufacturing (per $ GDP) 39% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total capital expenditures (per $ GDP) 37% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Number of employees (per capita) 36% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total cost of materials (per $ GDP) 35% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers (average per year) (per capita) 34% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total value of shipments (per $ GDP) 34% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours (per capita) 34% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments (per $ GDP) 33% [plot | correlate | graph]
...and  Housing > Percent of Mortgaged Owners Spending 30% or More of Household Income on Selected Monthly Owner Costs (inverse) 33% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages (per $ GDP) 32% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per $ GDP) 32% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added (per $ GDP) 31% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Food product manufacturing (per $ GDP) 30% [plot | correlate | graph]
...and  Labor > Food manufacturing > Production workers (average per year) 30% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total cost of materials (per $ GDP) 30% [plot | correlate | graph]
...and  Health > Asthma > Adult cases (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Crop and animal production (Farms) (per $ GDP) 28% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Production workers (average per year) (per capita) 28% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Crop and animal production (Farms) (per $ GDP) 27% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Crop and animal production (Farms) (per $ GDP) 27% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Machinery manufacturing (per $ GDP) 27% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 26% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers (average per year) (per capita) 26% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Crop and animal production (Farms) (per capita) 26% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food services and drinking places (per capita) (inverse) 26% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Crop and animal production (Farms) (per capita) 26% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Crop and animal production (Farms) (per capita) 26% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food services and drinking places (per capita) (inverse) 25% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Real estate (per capita) (inverse) 25% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees (per capita) 25% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total cost of materials (per $ GDP) 25% [plot | correlate | graph]
Average: 42%

About Correlations:

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

VIEW FOR THIS VARIABLE:

NOTES:

  • Outliers have been removed only where they are outside 3 standard deviations of the mean.
  • Only variable pairs where at least 15 states match for each have been considered.
  • Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed



DEFINITION: This measure of manufacturing activity is derived by subtracting the cost of materials, supplies, containers, fuel, purchased electricity, and contract work from the value of shipments (products manufactured plus receipts for services rendered). The result of this calculation is adjusted by the addition of value added by merchandising operations (i.e., the difference between the sales value and the cost of merchandise sold without further manufacture, processing, or assembly) plus the net change in finished goods and work-in-process between the beginning- and end-of-year inventories. Per $ GDP figures expressed per 100 $ gross domestic product.

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