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| Date | Sunday 18 August 1974 |
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| Start time | 14:00 |
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| Event | Austrian GP |
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| Circuit | Osterreichring |
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| Event Format | Race of 54 laps |
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| Race | 22 of 29 |
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| Championship race | 247 |
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| Laps | 54 |
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| Circuit Perimeter | 5911 m |
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| Race Distance | 5911 × 54 = 319.194 km |
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| Grid Format | 2-2-2-2 |
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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 | Very hot, Dry |
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| Entries | 31 |
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| Qualifiers | 25 |
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| Finishers | 12 |
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| Championship Debutants |
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| Milestones | Car 7 - 10th Win (Car Number)
Ford - 75th Win (Engine Manufacturer)
Goodyear - 50th Pole Position (Tyre Manufacturer)
Hesketh Racing - 20th Race Entry (Entrant)
Hesketh - 10th Race Entry (Car Manufacturer)
Iso Marlboro - 50th Race Entry (Car Manufacturer)
James Hunt - 20th Race Entry (Driver)
March Engineering - 50th Race Entry (Entrant)
Vittorio Brambilla - 10th Race Entry (Driver)
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| Records Broken |
1. Highest 3rd Place Finish Ratio – Hesketh (18.18%),
2. Most 18th Place Qualifications –  Jean-Pierre Beltoise (6),
3. Most 21st Place Qualifications in a Season – Lola (6),
4. Most 21st Place Qualifications in a Season –  Graham Hill (4)
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| Records Extended |
1. Most Constructors' Championship Points Scores – Ferrari (184),
2. Most Retirements – Lotus (286),
3. Most Drivers' Championship Points Scores – Ferrari (316),
4. Most Fastest Laps – Ferrari (65),
5. Most Race Entries – Ferrari, Lotus (669),
6. Most Race Entries – Graham Hill (172),
7. Most Poles – Ferrari (69),
8. Most 8th Place Qualifications – Ferrari (41)
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