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| Date | Sunday 25 September 1988 |
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| Start time | 14:00 |
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| Event | Portuguese GP |
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| Circuit | Estoril |
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| Event Format | Race of 70 laps |
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| Race | 13 of 16 |
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| Championship race | 465 |
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| Laps | 70 |
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| Circuit Perimeter | 4350 m |
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| Race Distance | 4350 × 70 = 304.500 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 | 12 |
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| Championship Debutants | None |
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| Milestones | Canon Williams Team - 25th Race Entry (Entrant)
EuroBrun Racing - 25th Race Entry (Entrant)
EuroBrun - 25th Race Entry (Car Manufacturer)
Honda Marlboro McLaren - 25th Race Entry (Entrant)
Judd - 75th Race Entry (Engine Manufacturer)
Lois Minardi Team - 25th Race Entry (Entrant)
Pierluigi Martini - 25th Race Entry (Driver)
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| Records Broken |
1. Most 10th Place Qualifications –  Derek Warwick (14),
2. Most 11th Place Qualifications –  Riccardo Patrese (12),
3. Most 22nd Place Qualifications – Tyrrell (31),
4. Most 4th Place Qualifications in a Season – Ferrari (8)
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| Records Extended |
1. Most Constructors' Championship Points Scores – Ferrari (389),
2. Most Drivers' Championship Points Scores – Ferrari (521),
3. Most Retirements – Lotus (491),
4. Most Retirements – Riccardo Patrese (105),
5. Most Podium Finishes –  Alain Prost (66),
6. Most Constructors' Championship Points Scores – Alain Prost (80),
7. Most Drivers' Championship Points Scores – Alain Prost (80),
8. Most Race Wins – Alain Prost (33),
9. Most Fastest Laps – Ferrari (110),
10. Most Race Entries – Lotus (1134),
11. Most 4th Place Qualifications – Ferrari (106),
12. Most 7th Place Qualifications – Ferrari (64),
13. Most 16th Place Qualifications – Lotus (61),
14. Most 25th Place Qualifications – Osella (21)
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