Panama is a city in Shelby County, Iowa, United States. The population was 235 at the time of the 2020 census.
History
Panama had its start in the year 1882 by the building of the Chicago, Milwaukee and St. Paul Railway through Washington Township.
Geography
According to the United States Census Bureau, the city has a total area of , all of it land.
The community is on Iowa Highway 191, halfway between U.S. Routes 30 and 59