| Country: | Panama |
| Type: | presidential |
| Previous Election: | 1968 Panamanian general election |
| Previous Year: | 1968 |
| Next Election: | 1978 Panamanian presidential election |
| Next Year: | 1978 |
| Image1: | President Demetrio Lakas (cropped).jpg |
| Nominee1: | Demetrio B. Lakas |
| Running Mate1: | Arturo Sucre |
| Party1: | Independent politician |
| Popular Vote1: | 400 |
| Percentage1: | 99.75% |
| President | |
| Before Election: | Demetrio B. Lakas |
| Before Party: | Independent politician |
| After Election: | Demetrio B. Lakas |
| After Party: | Independent politician |
Indirect presidential elections were held in Panama on October 10, 1972, electing both a new President and Vice President of the Republic. The National Assembly of Community Representatives elected Demetrio B. Lakas president and Arturo Sucre Pereira as vice-president for a six-year term (1972–1978).[1]