The sector of information technology exhibits, in particular nowadays, visible indications of a turnaround, having benefited from the recent period of deep restructuring and extensive streamlining. The use and application of information and communication technologies (ICT) remain the most powerful engines for economic growth. Therefore, the objective of this paper was to identify the position of the Slovak IT sector in the global and regional context among both, countries of European Union and in particular countries of South-East Europe. To do this, numerous data from IDC, WITA and EITO were analysed. It appeares that the key factor proved to be the level of investment in the Slovak IT sector and the labor force employed. It is found that in the period 1995 - 2003 and in particular from 1999 to 2003, the Slovak IT sector showed the growth amounting, on the average, to 10,2% per year.