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About the Industry Exposure Index
Verisk developed global industry exposure indexes using the Verisk Global Capital Stock Index (VGCSI) to keep Industry Exposure Databases current between full updates.
Industry exposure index values
Industry exposure indexes for the 92 countries provided with the 2025 release.
Central America: update on capital stock
Capital stock values in Central America grew an average of eight percent per year.

Revision History
About the Industry Exposure Databases
To provide current and robust results for each modeled country or area, Verisk develops Industry Exposure Databases.
About the Industry Exposure Index
Verisk developed global industry exposure indexes using the Verisk Global Capital Stock Index (VGCSI) to keep Industry Exposure Databases current between full updates.
- How Verisk develops industry exposure indexes
  Verisk develops industry exposure indexes using the Verisk Global Capital Stock Index (VGCSI).
- Industry exposure index values
  Industry exposure indexes for the 92 countries provided with the 2025 release.
  - Index growth sources
    The Verisk Global Capital Stock Index measures capital stock values over time using a time series of gross fixed capital investment (GFCI).
  - Asia: update on capital stock
    Capital stock values grew (on average) six percent per year, excluding Lebanon.
  - Canada: update on capital stock
    Capital stock value grew nine percent per year, reflecting revisions to the underlying economic data and recent trends in construction activity.
  - Caribbean: update on capital stock
    Among these economies, capital stock values grew an average of six percent per year.
  - Central America: update on capital stock
    Capital stock values in Central America grew an average of eight percent per year.
  - Europe: update on capital stock
    Within the Europe region, capital stock values grew an average of seven percent per year.
  - India: update on capital stock
    Capital stock for India grew 11 percent annually since 2015.
  - Pacific Rim: update on capital stock
    On average, capital stock values grew six percent annually across the Pacific Rim.
  - South America: update on capital stock
    Capital stock values for South America (excluding Venezuela) grew eight percent annually (on average).
Applying the Industry Exposure Index
We use the industry exposure index in Touchstone Re to adjust Verisk's industry loss curves so that they reflect a country's current building stock.

Central America: update on capital stock

Capital stock values in Central America grew an average of eight percent per year.

Central America includes seven modeled countries. Capital stock growth for these countries range between 5 percent (Belize) and 13 percent (Panama) per year.

In general, Central American countries have experienced sustained growth in new construction and prices. The COVID-19 pandemic slowed new investments; however, new construction activity is recovering. In Belize, growth in construction grew considerably following the 2007-2008 global financial crisis, but has fluctuated over the past several years. Panama has been one of the fastest growing economies in the Western Hemisphere over the past two decades. During this time, Panama has experienced significant increases in capital investment, as well as moderate price increases. New construction in Panama is bolstered by foreign direct investment and a network of free trade agreements.