The 1987 Spanish Grand Prix was a Formula One motor race held at Jerez on 27 September 1987. It was the thirteenth race of the 1987 Formula One World Championship.

The race was won from pole position by British driver Nigel Mansell, driving a Williams-Honda. It was Mansell's fifth victory of 1987 and the eighth for the Williams team, securing them their second consecutive Constructors' Championship and fourth in all. Frenchman Alain Prost finished second in a McLaren-TAG, some 22 seconds behind Mansell, with Swedish teammate Stefan Johansson third. Mansell's teammate and Drivers' Championship rival, Brazilian Nelson Piquet, finished fourth. Prost achieved his 55th podium finish at this race, surpassing the record of Niki Lauda.