July 24, 1988 Hockenheimring | Lap distance 6.797 km
| Pos | Points | No | Driver | Car | Engine | Tyres | Laps | Race Time | Delay | Qualifying | Fastest Lap | |||
| 1 | 9 | 12 | Ayrton Senna (BRA) | McLaren MP4-4 | Honda RA168-E | Goodyear | 44 | 1:32'54.188 | 1 | 1'44.596 | 3 | 2'05.001 | (18) | |
| 2 | 6 | 11 | Alain Prost (FRA) | McLaren MP4-4 | Honda RA168-E | Goodyear | 44 | 1:33'07.797 | +13.609 | 2 | 1'44.873 | 2 | 2'04.888 | (21) |
| 3 | 4 | 28 | Gerhard Berger (AUT) | Ferrari F1/87-88C | Ferrari 156/88 | Goodyear | 44 | 1:33'46.283 | +52.095 | 3 | 1'46.115 | 6 | 2'05.735 | (7) |
| 4 | 3 | 27 | Michele Alboreto (ITA) | Ferrari F1/87-88C | Ferrari 156/88 | Goodyear | 44 | 1:34'35.100 | +1'40.912 | 4 | 1'47.154 | 5 | 2'05.704 | (11) |
| 5 | 2 | 16 | Ivan Capelli (ITA) | March 881 | Judd CV | Goodyear | 44 | 1:34'43.794 | +1'49.606 | 7 | 1'48.703 | 9 | 2'06.833 | (15) |
| 6 | 1 | 20 | Thierry Boutsen (BEL) | Benetton B188 | Ford Cosworth DFR | Goodyear | 43 | 1:32'54.621 | +1 lap | 9 | 1'48.837 | 12 | 2'07.273 | (7) |
| 7 | 17 | Derek Warwick (GBR) | Arrows A10B | Megatron | Goodyear | 43 | 1:33'01.625 | +1 lap | 12 | 1'50.459 | 14 | 2'07.545 | (43) | |
| 8 | 15 | Mauricio Gugelmin (BRA) | March 881 | Judd CV | Goodyear | 43 | 1:33'21.390 | +1 lap | 10 | 1'49.511 | 10 | 2'06.946 | (10) | |
| 9 | 2 | Satoru Nakajima (JPN) | Team Lotus 100T | Honda RA168-E | Goodyear | 43 | 1:33'21.685 | +1 lap | 8 | 1'48.781 | 11 | 2'07.242 | (43) | |
| 10 | 18 | Eddie Cheever (USA) | Arrows A10B | Megatron | Goodyear | 43 | 1:34'00.389 | +1 lap | 15 | 1'51.171 | 13 | 2'07.388 | (42) | |
| 11 | 3 | Jonathan Palmer (GBR) | Tyrrell 017 | Ford Cosworth DFZ | Goodyear | 43 | 1:34'50.483 | +1 lap | 24 | 1'52.908 | 16 | 2'08.507 | (41) | |
| 12 | 10 | Bernd Schneider (GER) | Zakspeed 881 | Zakspeed 881 | Goodyear | 43 | 1:34'56.348 | +1 lap | 22 | 1'52.664 | 18 | 2'09.142 | (43) | |
| 13 | 22 | Andrea de Cesaris (ITA) | Rial ARC-01 | Ford Cosworth DFZ | Goodyear | 42 | 1:33'50.864 | +2 laps | 14 | 1'51.004 | 4 | 2'05.413 | (42) | |
| 14 | 9 | Piercarlo Ghinzani (ITA) | Zakspeed 881 | Zakspeed 881 | Goodyear | 42 | 1:34'14.111 | +2 laps | 23 | 1'52.674 | 22 | 2'10.425 | (38) | |
| 15 | 36 | Alex Caffi (ITA) | Dallara BMS-188 | Ford Cosworth DFZ | Goodyear | 42 | 1:34'18.400 | +2 laps | 19 | 1'52.277 | 8 | 2'06.814 | (42) | |
| 16 | 32 | Oscar Larrauri (ARG) | Euro Brun ER-188 | Ford Cosworth DFZ | Goodyear | 42 | 1:34'23.827 | +2 laps | 26 | 1'53.043 | 21 | 2'09.754 | (12) | |
| 17 | 25 | René Arnoux (FRA) | Ligier JS31 | Judd CV | Goodyear | 41 | 1:33'04.884 | +3 laps | 17 | 1'52.080 | 23 | 2'11.241 | (12) | |
| 18 | 19 | Alessandro Nannini (ITA) | Benetton B188 | Ford Cosworth DFR | Goodyear | 40 | 1:33'47.029 | +4 laps | 6 | 1'48.208 | 1 | 2'03.032 | (40) | |
| 19 | 29 | Yannick Dalmas (FRA) | Lola LC88 | Ford Cosworth DFZ | Goodyear | 39 | 1:32'55.992 | +5 laps | 21 | 1'52.436 | 19 | 2'09.545 | (39) | |
| Retirement | ||||||||||||||
| throttle | 14 | Philippe Streiff (FRA) | AGS JH23 | Ford Cosworth DFZ | Goodyear | 38 | 1:26'39.446 | 16 | 1'51.642 | 17 | 2'08.812 | (33) | ||
| spun off | 6 | Riccardo Patrese (ITA) | Williams FW12 | Judd CV | Goodyear | 34 | 1:14'02.657 | 13 | 1'50.719 | 15 | 2'08.191 | (12) | ||
| engine | 21 | Nicola Larini (ITA) | Osella FA1L | Osella 890T | Goodyear | 27 | 1:04'45.070 | 18 | 1'52.168 | 20 | 2'09.715 | (27) | ||
| spun off | 5 | Nigel Mansell (GBR) | Williams FW12 | Judd CV | Goodyear | 16 | 35'06.369 | 11 | 1'49.880 | 7 | 2'06.317 | (9) | ||
| engine | 33 | Stefano Modena (ITA) | Euro Brun ER-188 | Ford Cosworth DFZ | Goodyear | 15 | 41'17.718 | 25 | 1'52.998 | 25 | 2'13.447 | (10) | ||
| spun off | 30 | Philippe Alliot (FRA) | Lola LC88 | Ford Cosworth DFZ | Goodyear | 8 | 18'31.731 | 20 | 1'52.293 | 24 | 2'11.403 | (7) | ||
| spun off | 1 | Nelson Piquet (BRA) | Team Lotus 100T | Honda RA168-E | Goodyear | 1 | 3'39.605 | 5 | 1'47.681 | 26 | 3'39.605 | (1) | ||
| Not qualified | ||||||||||||||
| -- | 24 | Luis Perez-Sala (ESP) | Minardi M188 | Ford Cosworth DFZ | Goodyear | 1'53.356 | ||||||||
| -- | 26 | Stefan Johansson (SWE) | Ligier JS31 | Judd CV | Goodyear | 1'53.507 | ||||||||
| -- | 4 | Julian Bailey (GBR) | Tyrrell 017 | Ford Cosworth DFZ | Goodyear | 1'53.576 | ||||||||
| -- | 23 | Pierluigi Martini (ITA) | Minardi M188 | Ford Cosworth DFZ | Goodyear | 1'53.596 | ||||||||
| Not pre-qualified | ||||||||||||||
| -- | 31 | Gabriele Tarquini (ITA) | Coloni FC-188 | Ford Cosworth DFZ | Goodyear | 1'54.358 | ||||||||
