During her trip to Germany, Mrs Suu Kyi, 68, will also be awarded the International Willy Brandt Prize, which is handed out to people or institutions promoting international understanding between people.
Launched in 2011 in honour of former German chancellor Willy Brandt, previous winners include Berlin-based conductor Daniel Barenboim and Egyptian author Lailia Soliman.
Mr Gauck met Mrs Suu Kyi during a visit to Myanmar in February. Further details of the Myanmar opposition leader's German programme have not been finalised.
Mrs Suu Kyi, who some analysts believe will run for Myanmar president next year, was held under house arrest by her nation's military dictatorship for more than 10 years.