The Amazing Race 5 is the fifth season of the American reality competition show The Amazing Race. Hosted by Phil Keoghan, it featured eleven teams of two, each with a pre-existing relationship, competing in a race around the world to win US$1,000,000. This season visited six continents and twelve countries and traveled over 72,000 miles (116,000 km) during thirteen legs. Starting in Santa Monica, racers traveled through Uruguay, Argentina, Russia, Egypt, Kenya, Tanzania, the United Arab Emirates, India, New Zealand, the Philippines, and Canada before finishing in Dallas. New twists introduced in this season included the Yield, where one team could force another team to stop racing for a predetermined amount of time, and a new non-elimination leg penalty where teams that finished last where stripped of all of the money they had accumulated during previous legs and would not receive any money in the subsequent leg. The season premiered on CBS on July 6, 2004, and concluded on September 21, 2004.

The Amazing Race is an American reality competition show in which teams of two race around the world. Each season is split into legs, with each leg requiring teams to deduce clues, navigate themselves in foreign areas, interact with locals, perform physical and mental challenges, and travel by airplane, boat, taxi, and other public transportation options on a limited budget provided by the show. Teams are progressively eliminated at the end of most legs, while the first team to arrive at the end of the final leg wins the grand prize of US$1 million. As the original version of the Amazing Race franchise, the CBS program has been running since September 5, 2001. Numerous international versions have been developed following the same core structure, while the American version is also broadcast to several other countries.