Purpose – the purpose of the article is to a study of factors that allow to test the impact of digitalization on the economy.

Research methodology – the main method of the research is panel analysis of 8 digital economy indicators on GDP per capita for 28 countries for over 17 years. The study asserts that digitalization will ensure the growth of GDP as a key indicator of economic development.

Findings – it was found that that transformation into a digital economy is likely to have a positive impact on countries where there is a growth of the net export of ICT services is achieved while communications and computer service imports are reduced.

Research limitations – the limitations of the research are that the method applied allows to determine the influence of the studied factors on GDP per capita, but the results of the evaluation require further detailed analysis of the studied factors for each country.

Practical implications – the study helps to identify the factors of high importance in the digitalization process and to determine factors what should be focused on achieving the desired results of digitalization.

Originality/Value – the method allows to make an express-evaluation, reducing the complexity of calculations and time costs.