The 2012 FIA GT1 Algarve round was an auto racing event held on 7–8 July 2012 at the Autódromo Internacional do Algarve in Portimão, Portugal. It was the fifth round of the 2012 FIA GT1 World Championship season for grand tourer racing cars complying with GT1 and GT3 regulations. The event consisted of two races, the Qualifying Race and the Championship Race, each of which lasted one hour. The Qualifying Race took place on 7 June and was won by the All-Inkl.com Münnich Motorsport pairing of Markus Winkelhock and Marc Basseng. The Championship race was held the following day and saw Thomas Jäger and Nicky Pastorelli take victory, also driving for All-Inkl.com Münnich Motorsport.

Markus Winkelhock is a German professional racing driver. He is the son of Manfred Winkelhock and nephew of Joachim Winkelhock, both of whom were Formula One drivers in the 1980s. During his brief Formula One career he led the 2007 European Grand Prix for several laps before retiring with mechanical problems. Having switched to sports and touring car racing, he has also won the FIA GT1 World Championship in 2012 with team-mate Marc Basseng.