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Correlations > Industry Statistics > Leather & allied product manufacturing > Value added (per $ GDP)

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 100,000 $ gross domestic product.
VIEW DATA:   Totals   Per $ GDP  
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Showing latest available data.

Correlations between Industry > Leather & allied product manufacturing > Value added (per $ GDP) ...

Variable Strength
...and  Industry > Leather & allied product manufacturing > Total value of shipments (per $ GDP) 97% [plot | correlate | graph]
...and  Energy > Total Renewable Energy Consumption (per $ GDP) 95% [plot | correlate | graph]
...and  Energy > Total Renewable Energy Consumption (per capita) 92% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Production workers wages (per $ GDP) 90% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per $ GDP) 88% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per capita) 87% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total cost of materials (per $ GDP) 86% [plot | correlate | graph]
...and  Energy > Renewables Share of Total Energy 84% [plot | correlate | graph]
...and  Education > Public Libraries > Number of Central Libraries (per capita) 83% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total capital expenditures (per $ GDP) 83% [plot | correlate | graph]
...and  Military > Navy Recruits: Percent Native American 81% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers hours (per capita) 81% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Forestry, fishing, and related activities (per capita) 81% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Forestry, fishing, and related activities (per $ GDP) 81% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers (average per year) (per capita) 79% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Number of employees (per capita) 79% [plot | correlate | graph]
...and  Industry > Textile product mills > Production workers wages (per $ GDP) 70% [plot | correlate | graph]
...and  Military > DOD Civilian Employees > Salaries & Wages (per $ GDP) 69% [plot | correlate | graph]
...and  Energy > Hydroelectric Energy Consumption (per $ GDP) 68% [plot | correlate | graph]
...and  Industry > Textile product mills > Total capital expenditures (per $ GDP) 67% [plot | correlate | graph]
...and  Energy > Renewable Hydroelectric Production (per $ GDP) 66% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Paper manufacturing (per $ GDP) 63% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Paper manufacturing (per $ GDP) 63% [plot | correlate | graph]
...and  Labor > Textile product mills > Number of employees (per capita) 62% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Air transportation 60% [plot | correlate | graph]
...and  Military > DOD Civilian Employees > Salaries & Wages (per capita) 60% [plot | correlate | graph]
...and  People > Percent of People 5 to 20 Years Old With a Disability 59% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Forestry, fishing, and related activities (per $ GDP) 59% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other transportation equipment manufacturing (per $ GDP) 58% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Forestry, fishing, and related activities (per $ GDP) 58% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other transportation equipment manufacturing (per $ GDP) 58% [plot | correlate | graph]
...and  Energy > Hydroelectric Energy Consumption (per capita) 57% [plot | correlate | graph]
...and  Housing > Percent of Occupied Housing Units With Fuel Oil, Kerosene, Etc. as Principal Heating Fuel 57% [plot | correlate | graph]
...and  Labor > Textile product mills > Production workers (average per year) (per capita) 55% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Forestry, fishing, and related activities (per capita) 55% [plot | correlate | graph]
...and  Energy > Renewable Hydroelectric Production (per capita) 55% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Forestry, fishing, and related activities (per capita) 54% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Paper manufacturing (per capita) 54% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Paper manufacturing (per capita) 54% [plot | correlate | graph]
...and  Industry > Textile product mills > Total cost of materials (per $ GDP) 53% [plot | correlate | graph]
...and  Energy > Weatherization Assistance for Low-Income Persons- Expenditures (per $ GDP) 51% [plot | correlate | graph]
...and  Industry > Textile product mills > Annual payroll (per $ GDP) 51% [plot | correlate | graph]
...and  Labor > Textile product mills > Production workers hours (per capita) 49% [plot | correlate | graph]
...and  Education > Public Libraries > Public Service Hours (per capita) 48% [plot | correlate | graph]
...and  Education > Postsecondary > Number Of Institutions > Public (per capita) 47% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Paper manufacturing (per $ GDP) 46% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total capital expenditures (per $ GDP) 46% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other transportation equipment manufacturing (per capita) 45% [plot | correlate | graph]
...and  Industry > Textile product mills > Total value of shipments (per $ GDP) 45% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other transportation equipment manufacturing (per capita) 45% [plot | correlate | graph]
Average: 65%

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

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