A photographing optical lens assembly comprising five lens elements (E1, E2, E3, E4, E5), the five lens elements (E1, E2, E3, E4, E5) being, in order from an object side to an image side along an optical path, a first lens element (E1), a second lens element (E2), a third lens element (E3), a fourth lens element (E4) and a fifth lens element (E5), and a total number of lens elements of the photographing optical lens assembly is five; wherein the first lens element (E1) has positive refractive power, and the second lens element (E2) has negative refractive power; characterized in that an Abbe number of the second lens element (E2) is V2, an Abbe number of the third lens element (E3) is V3, an Abbe number of the fourth lens element (E4) is V4, a sum of central thicknesses of all lens elements (E1, E2, E3, E4, E5) of the photographing optical lens assembly is ΣCT, a sum of axial distances between each of all adjacent lens elements of the photographing optical lens assembly is ΣAT, a central thickness of the first lens element (E1) is CT1, a central thickness of the second lens element (E2) is CT2, a central thickness of the fourth lens element (E4) is CT4, a central thickness of the fifth lens element (E5) is CT5, an axial distance between an object-side surface of the first lens element (E1) and an image-side surface of the fifth lens element (E5) is TD, an axial distance between the image-side surface of the fifth lens element (E5) and an image surface (IMG) is BL, an axial distance between the object-side surface of the first lens element (E1) and the image surface (IMG) is TL, a maximum image height of the photographing optical lens assembly is ImgH, an axial distance between the third lens element (E3) and the fourth lens element (E4) is T34, and the following conditions are satisfied: 30 < V 2 + V 3 + V 4 < 93 ; 0.5 < ΣCT / ΣAT < 2.5 ; 1.8 < CT 1 + CT 2 / CT 4 + CT 5 < 5.0 ; 0.1 < TD / BL < 1.1 ; 1.0 < TL / ImgH < 4.2 ; and 0.01 < CT 4 / T 34 < 4.0 . wherein the first lens element (E1) has positive refractive power, and the second lens element (E2) has negative refractive power; characterized in that an Abbe number of the second lens element (E2) is V2, an Abbe number of the third lens element (E3) is V3, an Abbe number of the fourth lens element (E4) is V4, a sum of central thicknesses of all lens elements (E1, E2, E3, E4, E5) of the photographing optical lens assembly is ΣCT, a sum of axial distances between each of all adjacent lens elements of the photographing optical lens assembly is ΣAT, a central thickness of the first lens element (E1) is CT1, a central thickness of the second lens element (E2) is CT2, a central thickness of the fourth lens element (E4) is CT4, a central thickness of the fifth lens element (E5) is CT5, an axial distance between an object-side surface of the first lens element (E1) and an image-side surface of the fifth lens element (E5) is TD, an axial distance between the image-side surface of the fifth lens element (E5) and an image surface (IMG) is BL, an axial distance between the object-side surface of the first lens element (E1) and the image surface (IMG) is TL, a maximum image height of the photographing optical lens assembly is ImgH, an axial distance between the third lens element (E3) and the fourth lens element (E4) is T34, and the following conditions are satisfied: 30 < V 2 + V 3 + V 4 < 93 ; 0.5 < ΣCT / ΣAT < 2.5 ; 1.8 < CT 1 + CT 2 / CT 4 + CT 5 < 5.0 ; 0.1 < TD / BL < 1.1 ; 1.0 < TL / ImgH < 4.2 ; and 0.01 < CT 4 / T 34 < 4.0 . <EOS>