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| Date | Sunday 16 August 1998 |
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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 77 laps |
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| Championship | World Championship |
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| Race number | #12 of 16 in 1998
#626 (of all time) |
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| Laps | 77 |
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| Circuit Perimeter | 3972 m |
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| Race Distance | 3972 × 77 = 305.844 km |
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| Grid Format | 2-2-2-2 (staggered) |
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| Pole Position | Left |
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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 | 22 |
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| Qualifiers | 21 |
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| Finishers | 16 |
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| Debutants | None |
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| Records Broken |
1. Most 14th Place Qualifications in a Season –  Rubens Barrichello (5)
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| Records Extended |
1. Most Constructors' Championship Points Scores –  Ferrari (537),
2. Most Drivers' Championship Points Scores – Ferrari (669),
3. Most Podium Finishes – Ferrari (427),
4. Most Race Wins – Ferrari (119),
5. Most 14th Place Finishes –  Tyrrell (19),
6. Most 15th Place Finishes – Minardi (13),
7. Most Fastest Laps – Ferrari (133),
8. Most Races Led – Ferrari (295),
9. Most Laps Led – Ferrari (7742),
10. Most Race Entries – Ferrari (1418),
11. Most 3rd Place Qualifications – Ferrari (154),
12. Most 3rd Place Qualifications –  Michael Schumacher (33),
13. Most 5th Place Qualifications – Ferrari (146),
14. Most 19th Place Qualifications – Minardi (48)
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