Introduction The principal objective of this report is to show a ten-year economic growth report of Australia. It will highlight key sectors of Australia’s economy that have experienced phenomenal growth over a ten-year period. The period under consideration is the years between 2002 and 2012. Additionally, it will present the present position of some of the chief indicators of the economy such as unemployment and production. The rise in the amount of products and services manufactured in a country is known as economic growth (Arestis, Baddeley & McCombie 2006, pp. 2). The measurement of the rise is over time. Additionally, the measurement is in terms of gross domestic product. The calculation is done with emphasis being placed in indicators such as inflation, incomes and housing among others. Background Australia has experienced growth over a long time. Social and economic policies were implemented to enable the country achieve balanced development. The policies were integrated so that support from the electoral system was guaranteed. This was to ensure that market based economics is achieved. Moreover, integration of social and economic policies aimed at ensuring that the society’s wellbeing improved. The population of the country is currently 22 million people (Australia Bureau of Statistics 2011, pp. 1). The economy has increased by 33 percent. Apart from this, about two million employment opportunities developed over the ten-year period. Furthermore, the unemployment levels in the country fell to 5.1 percent from a high of 6.1 percent. Analysis/ Thesis Statement The aim of this report is to show the status of the economy of Australia. It hopes to reveal the general performance of the economy. It will highlight the impact of growth on Australian community and the quality of life of the Australian people (Crone 2010, pp. 1). Focus will be on population, employment, gross domestic product and integrated social and economic policies. Main Economic Indicators The population of Australia has grown over time. The current total population of the country is 22 million people. It increased by over 3 million people over a period of ten years. The number of young people in the country constitutes the greater percentage of the population. The youth represents 71 percent of the population. The policy makers took advantage of this population. The combination of high population and productivity was to result in to economic growth. Thus, the country implemented policies that targeted improvement of firms and capacities of individuals. A population that is aging was found to be costly to the country. It had the potential of increasing costs to the active population. The economic costs of low education levels among the Australian youths were considered in the formulation of policies. About 8 percent of the youths in Australia are uneducated (OECD Directorate for Education 2010, pp. 1). The number of jobs that developed in the country has also increased. This follows the expansion of the economy by approximately 33 percent. An additional two million employment opportunities developed within the ten-year period. This assisted the country to reduce the unemployment levels to 5.1 percent from a level of 6.1 percent. The policy makers realized that the combination of economic growth, work force and community participation would result in to prosperity of the community. The Stiglitz commission recognised the multi- dimension