Button would participate in the 2017 Monaco Grand Prix, which would be the final race of his career. This would be the final full season of Jenson Button's career. All teams competed with tyres supplied by Pirelli.

The following teams and drivers took part in the 2016 Formula One World Championship. Ferrari finished third overall, a further seventy points behind. In the World Constructors' Championship, Mercedes successfully defended their title for the second consecutive year, beating Red Bull Racing by 297 points. Rosberg announced his retirement from the sport shortly after winning the title. In doing so, Rosberg followed the success of his father in 1982 and became the second son of a champion to become champion himself, a feat previously achieved by Damon Hill in 1996. With nine wins and seven other podiums, Rosberg beat teammate and defending World Champion Lewis Hamilton by five points, ending Hamilton's 2 year dominance. Nico Rosberg won his only World Drivers' Championship title in the final race of the season. The European Grand Prix was also revived, with the event visiting a new circuit in Azerbaijan's capital city, Baku. The calendar similarly expanded, with the return of the German Grand Prix. Renault returned to the sport as a constructor after a four-year absence following their takeover of Lotus prior to the start of the season. The 2016 season saw the grid expand to twenty-two cars with the addition of the Haas F1 Team entry.

Mercedes successfully defended their World Constructors' title in a highly dominant performance, winning 19 of the 21 races ran during the season.

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