qatar last updated march 2006 background high oil prices combined with rising sales of liquefied natural gas lng have led to an economic boom in since 1995 has been ruled by sheikh hamad bin khalifa al thani implemented several changes policy including a limited political liberalization creating elected council and giving women the right vote new constitution came into effect june 2005 sphere suffered from many same problems as other dependent persian gulf states especially need diversify development beyond crude exports scale back generous state subsidies for consumers however due revenue streams rapidly increasing well its very small population not experienced erosion per capita gross domestic product gdp that seen saudi arabia some exporters recent years s real is projected increase 6 percent after growth 3 inflation accelerated somewhat reached 8 2