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| Date | Sunday 7 May 1978 |
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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 75 laps |
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| Race | 6 of 17 |
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| Championship race | 302 |
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| Laps | 75 |
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| Circuit Perimeter | 3312 m |
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| Race Distance | 3312 × 75 = 248.400 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 | Mild, Dry |
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| Entries | 30 |
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| Qualifiers | 20 |
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| Finishers | 11 |
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| Championship Debutants |
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| Milestones | Car 31 - 50th Race Entry (Car Number)
ATS Racing Team - 25th Race Entry (Entrant)
ATS - 10th Race Entry (Car Manufacturer)
James Hunt - 75th Race Entry (Driver)
Parmalat Racing Team - 10th Race Entry (Entrant)
Parmalat Racing Team - 1st Fastest Lap (Entrant)
Patrick Depailler - 1st Win (Driver)
Texaco - 200th Race Entry (Lubricant Manufacturer)
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| Records Broken |
1. Most Failures to Pre-Qualify –  Derek Daly,  Hector Rebaque,  Keke Rosberg (2),
2. Most Failures to Pre-Qualify in a Season – Derek Daly, Hector Rebaque, Keke Rosberg (2)
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| Records Extended |
1. Most Retirements – Lotus (337),
2. Most 11th Place Finishes – Lotus (21),
3. Highest 3rd Place Finish Ratio – Wolf (22.73%),
4. Most Race Entries – Lotus (787),
5. Most Failures to Pre-Qualify – Lotus (4),
6. Most Poles – Ferrari (87),
7. Most 8th Place Qualifications – Ferrari (45)
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