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

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

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

Variable Strength
...and  Industry > Paper manufacturing > Total value of shipments (per $ GDP) 98% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Paper manufacturing (per $ GDP) 96% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Paper manufacturing (per $ GDP) 96% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Total cost of materials (per $ GDP) 94% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Paper manufacturing (per capita) 90% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Paper manufacturing (per capita) 90% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Paper manufacturing (per $ GDP) 88% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Total capital expenditures (per $ GDP) 86% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Production workers wages (per $ GDP) 83% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Paper manufacturing (per capita) 80% [plot | correlate | graph]
...and  Labor > Paper manufacturing > Production workers hours (per capita) 76% [plot | correlate | graph]
...and  Labor > Paper manufacturing > Number of employees (per capita) 69% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Annual payroll (per capita) 46% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Annual payroll (per $ GDP) 44% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Number of employees (per capita) 42% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total cost of materials (per $ GDP) 38% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total cost of materials (per $ GDP) 37% [plot | correlate | graph]
...and  Health > SSDI Beneficiaries as % of Population 36% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total capital expenditures (per $ GDP) 35% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Annual payroll (per $ GDP) 35% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Production workers wages (per $ GDP) 34% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Total capital expenditures 34% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Wood product manufacturing (per capita) 33% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Value added (per $ GDP) 33% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Wood product manufacturing (per capita) 33% [plot | correlate | graph]
...and  Industry > Textile product mills > Total capital expenditures (per $ GDP) 32% [plot | correlate | graph]
...and  Energy > Total Renewable Energy Consumption (per $ GDP) 32% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per $ GDP) 31% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People in Management, Business and Financial Occupations (inverse) 31% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total value of shipments (per $ GDP) 30% [plot | correlate | graph]
...and  Labor > Wood product manufacturing > Production workers (average per year) (per capita) 30% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Administrative and support services (per capita) (inverse) 30% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Administrative and support services (per capita) (inverse) 30% [plot | correlate | graph]
...and  People > Percent of People 21 to 64 Years Old With a Disability 30% [plot | correlate | graph]
...and  People > Percent of People Who are Foreign Born (inverse) 28% [plot | correlate | graph]
...and  Education > Public Libraries > Electronic Materials Expenditures (per capita) (inverse) 28% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Production workers wages (per $ GDP) 27% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Nonresident Alien (per capita) (inverse) 27% [plot | correlate | graph]
...and  Energy > Total Renewable Energy Consumption (per capita) 27% [plot | correlate | graph]
...and  Industry > Textile product mills > Production workers wages (per $ GDP) 27% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total value of shipments (per $ GDP) 26% [plot | correlate | graph]
...and  People > Percent of People Who Speak a Language Other Than English At Home (inverse) 26% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Wood product manufacturing (per $ GDP) 26% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Wood product manufacturing (per $ GDP) 26% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Production workers hours (per capita) 26% [plot | correlate | graph]
...and  People > Percent of People 5 to 20 Years Old With a Disability 26% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Plastics and rubber products manufacturing (per $ GDP) 25% [plot | correlate | graph]
...and  People > Percent of People Who Speak English Less Than "Very Well" (inverse) 25% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Hispanic (per capita) (inverse) 25% [plot | correlate | graph]
...and  Labor > Wood product manufacturing > Production workers hours (per capita) 25% [plot | correlate | graph]
Average: 44%

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 1,000 $ gross domestic product.

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