Dynamics of ICT Development in the EU

The ICT revolution has rapidly spread across countries, industries, and socio-economic activities in the past few decades, with profound transformational effects. As a result, ICT has played an increasingly important role in economic growth and structural change.New technologies and applications are developed, in light to promote better communication with the citizens, to facilitate innovations in organisations and to create competitive advantages. We witness a shift from business based culture to social networks based culture, where the innovations generated for users have a significant influence. The new technologies and their application in the productive activities induce changes within the economic structures and contribute to increasing labour productivity. ICT use leads to diversification of innovation activities through various channels. Overall, ICT has an essential contribution to the economic growth, leading to the improvement of welfare and living standard.The current paper aims to present the correlation between the share of ICT sector in national economy, networked readiness and competitiveness in the EU Member States.The research methods refer to documentary and bibliographical analysis, as well as comparative analysis.