Panama held a presidential election on October 10, 1972, electing both a new President and Vice President of the Republic.
On October 10, 1972 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). 
Presidential election results
||Did not vote
|Demetrio B. Lakas
- ^ Pearson, Neale J. "Panama." Latin America and Caribbean contemporary record I. 1982. Pp. 325.
- ^ ”La Vanguardia Española”. 14.10.1978. Pp. 7.