Panama Flo is a 1932 American pre-Code drama film directed by Ralph Murphy and written by Garrett Fort. The film stars Helen Twelvetrees, Robert Armstrong, Charles Bickford, Marjorie Peterson and Maude Eburne. The film was released on January 19, 1932, by RKO Pictures.

In the film, an American dancer is stranded in South America following the cancellation of a contract. She steals money from a wildcatter in hope of returning to New York City, but the money is in turn stolen from her. The wildcatter forces the captured dancer to work as his housekeeper to repay her debt. They live together in a jungle area. The dancer's boyfriend contacts her with a money-making scheme, but he turns out to be untrustworthy.