The 1998 Hungarian Grand Prix (formally the XIV Marlboro Magyar Nagydij) was a Formula One motor race held at the Hungaroring, Budapest, Hungary on 16 August 1998. It was the twelfth race of the 1998 Formula One season.
The race was won by Michael Schumacher, who started the race 16 points behind Mika Häkkinen, and was behind both McLarens for the first half of the race, which would have effectively ended his championship challenge. Schumacher won the race after switching to a 3-stop strategy, which was seen as a masterstroke by tactician Ross Brawn. Meanwhile, Häkkinen fell to 6th after shock absorber problems in the closing stages.
In October 1998, the organisers were fined $1 million, with $750,000 of it suspended, due to a track invasion. As there was no repeat of this invasion in the two succeeding years, the fine was $250,000.