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| Date | Sunday 15 May 1988 |
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| Start time | 14:00 |
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| Event |  Monaco GP |
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| Circuit | Monte Carlo |
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| Event Format | Race of 78 laps |
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| Championship | World Championship |
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| Race number | #3 of 16 in 1988
#455 (of all time) |
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| Laps | 78 |
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| Circuit Perimeter | 3328 m |
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| Race Distance | 3328 × 78 = 259.584 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 | Cloudy, Mild, Dry |
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| Entries | 31 |
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| Qualifiers | 26 |
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| Finishers | 10 |
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| Debutants | None |
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| Records Broken |
1. Highest Disqualification Ratio –  EuroBrun (16.67%),
2. Most 22nd Place Qualifications –  March (30),
3. Most 23rd Place Qualifications – Piercarlo Ghinzani (10)
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| Records Extended |
1. Most Retirements – Lotus (482),
2. Most Drivers' Championship Points Scores – Ferrari (511),
3. Most Constructors' Championship Points Scores – Ferrari (379),
4. Most Podium Finishes – Ferrari (327),
5. Most Podium Finishes –  Alain Prost (58),
6. Most Race Wins – Alain Prost (30),
7. Most 2nd Place Finishes – Ferrari (129),
8. Most 3rd Place Finishes – Ferrari (104),
9. Most Race Entries – Lotus (1114),
10. Most 2nd Place Qualifications – Alain Prost (25),
11. Most 3rd Place Qualifications – Ferrari (102),
12. Most 4th Place Qualifications – Ferrari (100),
13. Most 11th Place Qualifications – Lotus (45),
14. Most 25th Place Qualifications – Osella (20)
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