Throughout history, people have developed different ways of communicating with each other, and the development of communication technologies and technology that enabled it has peaked at the end of the 20th and early 21st century. The best way to observe this is to see how big a role the Internet, computers, cell phones and other technologies play in the lives of individuals and countries. This research deals with the study of the influence of information and communication technologies on the economic development of countries, where both social and economic segments within certain economies are included. The indicator of economic development is expressed through a human development index that shows the quality of life of individuals in the countries, taking into account their income, their estimated life expectancy and the degree of education. Using a dynamic panel data model, research has been carried out in the European Union countries and it has been determined how each of the ICT indicators affects the human development index within the countries. It has been found that items such as broadband coverage, internet usage by individuals, and the use of e-commerce services among businesses positively contribute to the economic growth of countries, while the use of e-government services and the increase in the number of ICT employees are negatively affecting economic growth. Ultimately, it has been found that these results can serve as guidelines for policy makers in which the direction should plan the development of this sector, which segments should be optimized to deliver better results and on which segments should continue to work to continue to positively contribute to economic growth and development in countries.