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| Date | Sunday 7 August 1988 |
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| Start time | 14:00 |
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| Event |  Hungarian GP |
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| Circuit | Hungaroring |
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| Event Format | Race of 76 laps |
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| Championship | World Championship |
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| Race number | #10 of 16 in 1988
#462 (of all time) |
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| Laps | 76 |
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| Circuit Perimeter | 4014 m |
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| Race Distance | 4014 × 76 = 305.064 km |
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| Grid Format | 2-2-2-2 (staggered) |
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| Pole Position | Right |
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| First Corner | Right |
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| Track Direction | Clockwise |
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| Weather | Sunny, Hot, Dry |
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| Entries | 31 |
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| Qualifiers | 26 |
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| Finishers | 13 |
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| Debutants | None |
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| Milestones | Tyrrell Racing Organisation – 100th Race Entry (Entrant)
 Minardi – 100th Race Entry (Car Manufacturer)
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| Records Broken |
None
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| Records Extended |
1. Most Drivers' Championship Points Scores – Ferrari (518),
2. Most Constructors' Championship Points Scores – Ferrari (386),
3. Most Constructors' Championship Points Scores –  Alain Prost (78),
4. Most Drivers' Championship Points Scores – Alain Prost (78),
5. Most Podium Finishes – Alain Prost (64),
6. Most 4th Place Finishes – Ferrari (94),
7. Most Consecutive Race Wins –  McLaren (10),
8. Most Race Entries – Lotus (1128),
9. Most 9th Place Qualifications – Ferrari (55),
10. Most 12th Place Qualifications – Derek Warwick (15),
11. Most 13th Place Qualifications – Lotus (55)
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