1993 BAFTA Award, Best Original Screenplay

1993 London Film Critics' Circle Award,  Screenwriter of the Year

1993 British Comedy Award, Best Comedy Film

2000 The American Film Institute (AFI) ranked Groundhog Day number 34 on its 100 Years...100 Laughs list recognizing the best comedy films.

2005  The Writers Guild of America's (WGA) ranked the film's screenplay as the twenty-seventh greatest screenplay of the preceding 75 years on 101 Greatest Screenplays list.

2006 The United States Library of Congress selected the film to be preserved in the National Film Registry for being "culturally, historically, or aesthetically significant."

2015 The Writers Guild of America's (WGA) ranked the film's screenplay the third-funniest on the WGA's 101 Funniest Screenplays list

2018 The term "Groundhog Day" was entered into the Oxford English Dictionary as:
n. a situation in which a series of unwelcome or tedious events appear to be recurring in exactly the same way.