A liquid crystal composition has the nematic phase and contains a specific compound having large positive dielectric anisotropy as a first component, a specific compound having small viscosity as a second component, and may contain a specific compound having high maximum temperature or small viscosity as a third component, a specific compound having large positive dielectric anisotropy as a fourth component or a specific compound having negative dielectric anisotropy as a fifth component, and a liquid crystal display device includes the composition.