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Alternatives to BAföG include the Bildungskredit ("study loan") from KfW, Bildungsfonds, and scholarships. However, in most cases to qualify for a private loan, one must have German citizenship, have EU citizenship and have resided in Germany for three consecutive years, or have graduated from a German secondary school.
The former were then brought to Germany to join those participants who were already there. The scholarships were to various universities throughout Germany. The German Foreign Office funded the bulk of the scholarships (200) with the balance being sponsored by Baden-Württemberg (50) and North Rhine-Westphalia (21). [20]
Gross regional domestic product (GRDP), gross domestic product of region (GDPR), or gross state product (GSP) is a statistic that measures the size of a region's economy. It is the aggregate of gross value added (GVA) of all resident producer units in the region, and analogous to national gross domestic product .
The German Research Foundation (German: Deutsche Forschungsgemeinschaft [ˈdɔʏtʃə ˈfɔʁʃʊŋsɡəˌmaɪnʃaft]; abbr. DFG [ˌdeːʔɛfˈɡeː]) is a German research funding organization, which functions as a self-governing institution for the promotion of science and research in the Federal Republic of Germany.
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
German Academic Scholarship Foundation, branch office, Berlin. The selection process is extremely rigorous and only those students who show outstanding academic and personal promise are chosen. The Studienstiftung awards scholarships to fewer than 0.5% of German students. [9] It is often referred to as Germany's "secret elite university". [10]
Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply. In 2017, the country accounted for 28% of the Euro area economy according to the International Monetary Fund (IMF). [24] Germany is a founding member of the European Union and the eurozone. [25] [26]
City State GDP (bil. €) GDP per capita GDP per worker Berlin Berlin 165.457 45,074 79,182 Hamburg Hamburg 130.873 70,620 101,308 Munich Bavaria 128.752 86,529 112,284