|}
Note:
- — Pedro de la Rosa had started at the back of the grid for using illegal fuel in qualifying. De la Rosa ran into the gravel trap at Elf corner after his engine cut out; he returned to the pit lane to use the spare Arrows vehicle. Coulthard was launched airborne during a lap when he mounted the kerb at the final turn, but his vehicle was undamaged.
Race
The grid conditions were dry and particularly cloudy before the Grand Prix; the air temperature ranged between and the track temperature was between . Ralf Schumacher began in a spare Williams car after his race car developed an engine sensor problem the day before. There was not an abundance of overtaking, so the race was decided by pit stops.thumb|right|upright|[[Mika Häkkinen (pictured in 2006) took his first victory of the season in the race.]]Häkkinen made a better start than Michael Schumacher, who steered right across the circuit to block Häkkinen's path on the outside when the race began. Consequently, Häkkinen was unable to make a strong challenge to Michael Schumacher while braking for Elf corner. Ralf Schumacher got away quickly, passing Coulthard and the slow-starting Barrichello for third. Ralf Schumacher collided with the rear of Häkkinen's car on a large amount of dust as it exited the first right-hand turn, sending Häkkinen slightly sideways. Both drivers were able to continue, with Häkkinen ahead of Ralf Schumacher by being on the inside for the next left-hand turn. By the end of the first lap, Button had moved up from eleventh to ninth, while Irvine had dropped three places. At the conclusion of lap one, the top six drivers were Michael Schumacher, Häkkinen, Ralf Schumacher, Coulthard, Barrichello, and Villeneuve. Further back, Villeneuve was delaying Frentzen, Trulli, Button, Salo as the top five pulled away. Trulli's pit stop, which dropped him to 17th, proved problematic: he stalled his engine, requiring his mechanics to restart it. Ralf Schumacher made a pit stop one lap later and rejoined in fifth. Coulthard made a pit stop on the same lap and had trouble exiting his pit box because he selected second gear. He re-emerged behind Ralf Schumacher. Häkkinen maintained his lead to achieve his first victory of 2000 and the 15th of his Formula One career following the 1999 Japanese Grand Prix the previous season in a time of 1:33.55.390 at an average speed of after 65 laps. He finished second, 16 seconds behind his teammate.
Post-race
thumb|right|upright|[[Rubens Barrichello (pictured in 2002) finished third.]]
The top three drivers appeared on the podium to receive their trophies and later spoke at a press conference. Coulthard believed he made the right decision to race despite his injuries, and that the result was "the best thing that could have happened for the team and myself." Ralf Schumacher said a week after the race that tensions between him and his brother had subsided and that there was no resentment between them, saying, "It's a lot of fun when we are out there on the track duelling against each other." There was similar ill-feeling between De la Rosa and Alesi after their collision on lap two. Alesi accused De la Rosa of blocking him and causing the crash by failing to check his mirrors, while De la Rosa claimed he tried to overtake him in a difficult corner.
Ron Dennis, the McLaren team owner, called it "very good outcome" and was pleased with his team's strategy, saying: "It's a great day, particularly satisfying not only when you think of the pressure that's unique to catching up, but also the circumstances of the week, with David's accident." Ferrari team principal Jean Todt admitted that his team were disappointed with their final result, but added: "However, we have always known that even a big advantage can easily be reduced. It was a good fight between Michael and Hakkinen, at least up to the second pitstop." Following the race, Michael Schumacher apologised to Stepney for injuring him.
|}
Championship standings after the race
;Drivers' Championship standings
{| class="wikitable" style="font-size: 85%;"
|-
! scope="col" |
! scope="col" |
! scope="col" | Driver
! scope="col" | Points
|-
|align="left"| 10px
|align="center" | 1
| Michael Schumacher
| 36
|-
|align="left"| 10px 1
|align="center" | 2
| Mika Häkkinen
| 22
|-
|align="left"| 10px 1
|align="center" | 3
| David Coulthard
| 20
|-
|align="left"| 10px
|align="center" | 4
| Rubens Barrichello
| 13
|-
|align="left"| 10px
|align="center" | 5
| Ralf Schumacher
| 12
|-
!colspan=4|Sources:
|}
;Constructors' Championship standings
{|class="wikitable" style="font-size: 85%;"
|-
! scope="col" |
! scope="col" |
! scope="col" | Constructor
! scope="col" | Points
|-
|align="left"| 10px
|align="center" | 1
| Ferrari
| 49
|-
|align="left"| 10px
|align="center" | 2
| McLaren-Mercedes
| 42
|-
|align="left"| 10px
|align="center" | 3
| Williams-BMW
| 15
|-
|align="left"| 10px 1
|align="center" | 4
| Jordan-Mugen-Honda
| 9
|-
|align="left"| 10px 1
|align="center" | 5
| Benetton-Playlife
| 8
|-
!colspan=4|Sources: