| Place Name | Panama |
| Place Type | City |
| ZIP Code(s) | 51562 |
| County | Shelby County |
| Area Code(s) | 712 |
| Timezone | Central Daylight Time (CDT) |
| Population (2022) | 212 |
| Population Growth Rate (2010-19) | 6.33% |
| Majority Ethnicity | White 98.48% |
| US Congressional District(s) | Iowa 4th |
| State House Districts | 18 |
| State Senate Districts | 9 |
| Race/Ethnicy | Percentage of Population (2021) |
|---|---|
| White | 98.48% |
| African American | 0% |
| Hispanic | 1.52% |
| Asian | 0% |
| Native American | 0% |
| Hawaiin/Pacific Islander | 0% |