Provided are: a zoom lens which exhibits a large variable-power ratio, an increased degree of freedom with respect to aberration correction, and which has been achieved having a sufficient reduction in size in the optical axis direction; and an imaging device equipped therewith. The zoom lens includes at least, from the object side, a first lens group having positive refractive power, a second lens group having negative refractive power, a third lens group having positive refractive power, a fourth lens group, and a fifth lens group, in that order. In the zoom lens, prescribed conditions are satisfied.