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| Date | Sunday 15 May 1994 |
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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 78 laps |
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| Championship | World Championship |
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| Race number | #4 of 16 in 1994
#552 (of all time) |
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| Laps | 78 |
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| Circuit Perimeter | 3328 m |
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| Race Distance | 3328 × 78 = 259.584 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 | Partially cloudy, Mild, Dry |
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| Entries | 26 |
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| Qualifiers | 24 |
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| Finishers | 11 |
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| Debutants | None |
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| Milestones | Mild Seven Benetton Ford – 1st Pole Position (Entrant)
 Michael Schumacher – 1st Pole Position (Driver)
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| Records Broken |
None
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| Records Extended |
1. Most Constructors' Championship Points Scores –  Ferrari (458),
2. Most Drivers' Championship Points Scores – Ferrari (590),
3. Most Retirements –  Lotus (572),
4. Most Podium Finishes – Ferrari (372),
5. Most 3rd Place Finishes – Ferrari (123),
6. Most 5th Place Finishes – Ferrari (65),
7. Most 11th Place Finishes – Lotus (34),
8. Most Race Entries – Lotus (1308),
9. Most 3rd Place Qualifications – Ferrari (132),
10. Most 5th Place Qualifications – Ferrari (128),
11. Most 14th Place Qualifications – Andrea de Cesaris (18),
12. Most 16th Place Qualifications – Lotus (68),
13. Most 19th Place Qualifications – Lotus (33)
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