Exhibit 21 shows several key sovereign statistics for Portugal.

1. Calculate the government debt/GDP ratio for Portugal for the years 2014−2017 as well as for the years 2006, 2008, 2010, and 2012.

2. Calculate GDP/capita for the same periods.

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EXHIBIT 21 Key Sovereign Statistics for Portugal € (billions), except where noted Nominal GDP Population (millions) Unemployment (%) Exports as share GDP (%) Current account as share GDP (%) Government revenues Government expenditures Budget balance (surplus/deficit) Government interest payments Primary balance (surplus/deficit) Government debt Interest rate on new debt (%) 2006 2008 2010 2012 2014 2015 2016 2017 160.3 171.2 172.6 168.4 173.1 179.8 186.5 194.6 10.6 10.6 10.6 10.5 10.4 10.3 10.3 10.3 8.6 8.5 12 15.6 13.9 12.4 11.1 8.9 22.2 22.6 21.3 26.8 27.8 27.6 26.8 -10.7 -12.6 -10 -2.1 0.2 0.3 0.7 28.3 0.6 64.8 70.7 71.8 72.2 77.2 71.4 77.1 88.7 81.7 89.6 -6.5 -6.4 -16.9 -9.5 -12.4 4.2 5.3 5.2 8.2 8.5 -2.2 -1.1 -11.7 -1.3 -3.9 0.3 102.4 123.1 161.3 212.6 226 231.5 4.5 5.4 3.4 3.8 2.4 3.9 79.9 83.1 78.8 86.7 83.5 88.9 -7.9 -3.6 -5.8 8.2 7.8 7.4 4.2 1.6 241 242.8 3.2 3.1