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| Date | Sunday 12 April 1998 |
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| Start time | 14:00 |
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| Event | Argentine GP |
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| Circuit | Buenos Aires |
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| Event Format | Race of 72 laps |
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| Race | 3 of 16 |
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| Championship race | 617 |
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| Laps | 72 |
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| Circuit Perimeter | 4259 m |
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| Race Distance | 4259 × 72 = 306.648 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 | Overcast, Mild, Dry |
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| Entries | 22 |
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| Qualifiers | 22 |
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| Finishers | 15 |
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| Championship Debutants | None |
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| Milestones | Car 3 - 25th Win (Car Number)
Alexander Wurz - 1st Fastest Lap (Driver)
Mild Seven Benetton Playlife - 1st Fastest Lap (Entrant)
Playlife - 1st Fastest Lap (Engine Manufacturer)
Ralf Schumacher - 20th Race Entry (Driver)
Ricardo Rosset - 20th Race Entry (Driver)
Shinji Nakano - 20th Race Entry (Driver)
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| Records Broken |
None
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| Records Extended |
1. Most Podium Finishes – Ferrari (415),
2. Most Constructors' Championship Points Scores – Ferrari (523),
3. Most Drivers' Championship Points Scores – Ferrari (655),
4. Most Race Wins – Ferrari (115),
5. Most 3rd Place Finishes – Ferrari (141),
6. Most 14th Place Finishes – Tyrrell (18),
7. Most Races Led – Ferrari (290),
8. Most Laps Led – Ferrari (7603),
9. Most Race Entries – Ferrari (1400),
10. Most 2nd Place Qualifications – Ferrari (129),
11. Most 4th Place Qualifications – Ferrari (145),
12. Most 19th Place Qualifications – Minardi (42),
13. Most 21st Place Qualifications – Tyrrell (42)
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