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| Date | Sunday 16 October 1994 |
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| Start time | 14:00 |
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| Event | European GP |
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| Circuit | Jerez |
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| Event Format | Race of 69 laps |
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| Race | 14 of 16 |
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| Championship race | 562 |
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| Laps | 69 |
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| Circuit Perimeter | 4428 m |
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| Race Distance | 4428 × 69 = 305.532 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, Hot, Dry |
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| Entries | 28 |
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| Qualifiers | 26 |
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| Finishers | 19 |
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| Championship Debutants |
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| Milestones | Gianni Morbidelli - 50th Race Entry (Driver)
Jos Verstappen - 10th Race Entry (Driver)
MTV Simtek Ford - 25th Race Entry (Entrant)
Michael Schumacher - 10th Win (Driver)
Michael Schumacher - 50th Race Entry (Driver)
Paul Belmondo - 25th Race Entry (Driver)
Simtek - 25th Race Entry (Car Manufacturer)
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| Records Broken |
1. Most Consecutive 16th Place Finishes – Lotus (2),
2. Most 26th Place Qualifications in a Season – Simtek (10)
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| Records Extended |
1. Most Drivers' Championship Points Scores – Ferrari (598),
2. Most Constructors' Championship Points Scores – Ferrari (466),
3. Most Retirements –  Andrea de Cesaris (136),
4. Most 5th Place Finishes – Ferrari (66),
5. Most 15th Place Finishes – Pierluigi Martini (5),
6. Most 16th Place Finishes – Lotus (10),
7. Highest 2nd Place Finish Ratio – Williams (13.04%),
8. Most Race Entries – Lotus (1328),
9. Most 6th Place Qualifications – Ferrari (112),
10. Most 18th Place Qualifications – Andrea de Cesaris (18)
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