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Correlations > Industry Statistics > Nonmetallic mineral product manufacturing > Value added

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

Correlations between Industry > Nonmetallic mineral product manufacturing > Value added ...

Variable Strength
...and  Industry > Nonmetallic mineral product manufacturing > Total value of shipments 99% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Annual payroll 97% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Nonmetallic mineral product manufacturing 96% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Nonmetallic mineral product manufacturing 96% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Production workers wages 96% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Total cost of materials 96% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Nonmetallic mineral product manufacturing 95% [plot | correlate | graph]
...and  Labor > Nonmetallic mineral product manufacturing > Production workers hours 91% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 91% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 91% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 91% [plot | correlate | graph]
...and  Health > Number of Infant Deaths 90% [plot | correlate | graph]
...and  Labor > Nonmetallic mineral product manufacturing > Number of employees 90% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students- White, non-Hispanic 90% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Nonmetallic mineral product manufacturing 90% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 90% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 89% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Truck transportation 89% [plot | correlate | graph]
...and  Education > Public Libraries > Number of Public Internet Terminals 89% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > White 88% [plot | correlate | graph]
...and  Energy > Total Energy Consumption 88% [plot | correlate | graph]
...and  Health > Total State Health Care Spending 88% [plot | correlate | graph]
...and  Health > Number of Nursing Homes 88% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Eleventh Grade Students 88% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Twelfth Grade Students 87% [plot | correlate | graph]
...and  Health > Total Retail Rx Drugs 87% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Teachers 87% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Individualized Education Program 87% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 86% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Staff 86% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures 86% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Seventh Grade Students 86% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Eighth Grade Students 86% [plot | correlate | graph]
...and  Health > Total Health Care Employment 86% [plot | correlate | graph]
...and  Education > Public Libraries > Children's Program Attendance 86% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Fifth Grade Students 86% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Sixth Grade Students 86% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Tenth Grade Students 86% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Fourth Grade Students 85% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Kindergarten Students 85% [plot | correlate | graph]
...and  Health > Total Medicaid Spending, FY2004 85% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students 85% [plot | correlate | graph]
...and  Health > Total Hospitals 85% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Retail trade 85% [plot | correlate | graph]
...and  Government > 2004 Election > Total registered voters 85% [plot | correlate | graph]
...and  Government > 2004 Election > Voting age population 85% [plot | correlate | graph]
...and  Education > Elementary & Secondary > First Grade Students 85% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Second Grade Students 85% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Ninth Grade Students 84% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Third Grade Students 84% [plot | correlate | graph]
Average: 88%

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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