From January to September 2014 Kazakhstan's GDP grew at 4%. According to the results from the first half of the year, the current account surplus is $6.6 billion, a figure two times higher than that of the first half of 2013. According to the Chairman of the National Bank of Kazakhstan, Kairat Kelimbetov, the increase was caused by a trade surplus of 17.4 percent, or approximately US$22.6 billion. The overall inflation rate for 2014 is forecasted at 7.4 percent.