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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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| Race | 10 of 16 |
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| Championship race | 462 |
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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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| Championship Debutants | None |
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| Milestones | Car 11 - 25th Fastest Lap (Car Number)
Alain Prost - 25th Fastest Lap (Driver)
Automobiles Gonfaronaise Sportive - 10th Race Entry (Entrant)
BMS Scuderia Italia - 10th Race Entry (Entrant)
Bernd Schneider - 10th Race Entry (Driver)
Canon Williams Team - 20th Race Entry (Entrant)
Coloni SpA - 10th Race Entry (Entrant)
Dallara - 10th Race Entry (Car Manufacturer)
EuroBrun Racing - 20th Race Entry (Entrant)
EuroBrun - 20th Race Entry (Car Manufacturer)
Honda Marlboro McLaren - 10th Win (Entrant)
Honda Marlboro McLaren - 20th Race Entry (Entrant)
Julian Bailey - 10th Race Entry (Driver)
Lois Minardi Team - 20th Race Entry (Entrant)
Luis Perez-Sala - 10th Race Entry (Driver)
Mauricio Gugelmin - 10th Race Entry (Driver)
Minardi - 100th Race Entry (Car Manufacturer)
Oscar Larrauri - 10th Race Entry (Driver)
Osella - 10th Race Entry (Engine Manufacturer)
Rial Racing - 10th Race Entry (Entrant)
Rial - 10th Race Entry (Car Manufacturer)
Tyrrell Racing Organisation - 100th Race Entry (Entrant)
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| Records Broken |
None
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| Records Extended |
1. Most Constructors' Championship Points Scores – Ferrari (386),
2. Most Drivers' Championship Points Scores – Ferrari (518),
3. Most Podium Finishes –  Alain Prost (64),
4. Most Constructors' Championship Points Scores – Alain Prost (78),
5. Most Drivers' Championship Points Scores – Alain Prost (78),
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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