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Correlations > Industry Statistics > Wood product manufacturing > Total value of shipments (per $ GDP)

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

Correlations between Industry > Wood product manufacturing > Total value of shipments (per $ GDP) ...

Variable Strength
...and  Industry > Wood product manufacturing > Value added (per $ GDP) 97% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total cost of materials (per $ GDP) 97% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Wood product manufacturing (per $ GDP) 92% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Wood product manufacturing (per $ GDP) 92% [plot | correlate | graph]
...and  Labor > Wood product manufacturing > Production workers (average per year) (per capita) 90% [plot | correlate | graph]
...and  Labor > Wood product manufacturing > Production workers hours (per capita) 86% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total capital expenditures (per $ GDP) 86% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Production workers wages (per $ GDP) 81% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Wood product manufacturing (per capita) 78% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Wood product manufacturing (per capita) 77% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Forestry, fishing, and related activities (per $ GDP) 76% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Forestry, fishing, and related activities (per $ GDP) 73% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Forestry, fishing, and related activities (per $ GDP) 73% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Forestry, fishing, and related activities (per capita) 69% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Annual payroll (per $ GDP) 64% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Forestry, fishing, and related activities (per capita) 64% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Forestry, fishing, and related activities (per capita) 64% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers (average per year) (per capita) 64% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Production workers hours (per capita) 61% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wood product manufacturing (per $ GDP) 61% [plot | correlate | graph]
...and  Labor > Wood product manufacturing > Number of employees (per capita) 60% [plot | correlate | graph]
...and  Labor > Leather & allied product manufacturing > Number of employees (per capita) 59% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Production workers wages (per $ GDP) 56% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wood product manufacturing (per capita) 54% [plot | correlate | graph]
...and  Energy > Total Renewable Energy Consumption (per $ GDP) 47% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per $ GDP) 46% [plot | correlate | graph]
...and  Industry > Textile product mills > Total capital expenditures (per $ GDP) 43% [plot | correlate | graph]
...and  Energy > Total Renewable Energy Consumption (per capita) 42% [plot | correlate | graph]
...and  Health > Disability prevalence 40% [plot | correlate | graph]
...and  Energy > Hydroelectric Energy Consumption (per $ GDP) 40% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Annual payroll (per capita) 39% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total cost of materials (per $ GDP) 38% [plot | correlate | graph]
...and  Energy > Renewables Share of Total Energy 38% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Annual payroll (per capita) 37% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Value added (per $ GDP) 36% [plot | correlate | graph]
...and  Industry > Leather & allied product manufacturing > Total value of shipments (per $ GDP) 35% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total, All Grades- unknown 35% [plot | correlate | graph]
...and  Energy > Hydroelectric Energy Consumption (per capita) 34% [plot | correlate | graph]
...and  Industry > Wood product manufacturing > Total capital expenditures 31% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Administrative and support services (per capita) (inverse) 31% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Administrative and support services (per capita) (inverse) 31% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Total cost of materials (per $ GDP) 29% [plot | correlate | graph]
...and  Economy > Gross State Product > Current Dollars (per capita) (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other services, except government (per capita) (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other services, except government (per capita) (inverse) 28% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Total value of shipments (per $ GDP) 28% [plot | correlate | graph]
...and  People > Percent of People 21 to 64 Years Old With a Disability 28% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Annual payroll (per $ GDP) 27% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Production workers wages (per $ GDP) 27% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Value added (per $ GDP) 26% [plot | correlate | graph]
Average: 53%

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: Includes the received or receivable net selling values, “Free on Board� (FOB) plant (exclusive of freight and taxes), of all products shipped, both primary and secondary, as well as all miscellaneous receipts, such as receipts for contract work performed for others, installation and repair, sales of scrap, and sales of products bought and sold without further processing. Included are all items made by or for the establishments from material owned by it, whether sold, transferred to other plants of the same company, or shipped on consignment. The net selling value of products made in one plant on a contract basis from materials owned by another is reported by the plant providing the materials. Per $ GDP figures expressed per 1,000 $ gross domestic product.

SOURCE: Annual Survey of Manufactures, 2004

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