|Champions||1. FC Magdeburg|
|Relegated||BSG Stahl Riesa ASG Vorwärts Stralsund|
|European Cup||1. FC Magdeburg|
|European Cup Winners' Cup||FC Carl Zeiss Jena|
|UEFA Cup||Berliner FC Dynamo Dynamo Dresden|
|Goals scored||482 (2.65 per match)|
|Top goalscorer||Hans-Jürgen Kreische (14)|
Hans-Jürgen Kreische of Dynamo Dresden was the league's top scorer with 14 goals, the second of a record four top scorer finishes for Kreische, while Jürgen Croy of BSG Sachsenring Zwickau won the seasons East German Footballer of the year award.
On the strength of the 1971–72 title Magdeburg qualified for the 1972–73 European Cup where the club was knocked out by Juventus in the second round. Fourth-placed club FC Carl Zeiss Jena qualified for the 1972–73 European Cup Winners' Cup as the seasons FDGB-Pokal winners and was knocked out by Leeds United in the second round. Second-placed Berliner FC Dynamo qualified for the 1972–73 UEFA Cup where it was knocked out in the third round by Liverpool F.C. while third-placed Dynamo Dresden lost to the same club in the quarter finals.
Before the start of the season National People's Army club FC Vorwärts Berlin, based in East Berlin, was moved to Frankfurt/Oder to become FC Vorwärts Frankfurt/Oder for political reasons. Vorwärts had been quite a popular club with East Berlin football supporters but was seen as an obstacle to the ambitions of Berliner FC Dynamo, a club connected to and supported by the Ministry for State Security and its head Erich Mielke, forcing it to move.
|1||1. FC Magdeburg (C)||26||17||4||5||48||23||+25||38-14|
|2||Berliner FC Dynamo||26||13||9||4||45||20||+25||35-17|
|4||FC Carl Zeiss Jena||26||12||7||7||42||34||+8||31-21|
|5||FC Vorwärts Frankfurt||26||9||9||8||33||36||-3||27-25|
|6||Hallescher FC Chemie||26||10||7||9||40||44||-4||27-25|
|7||BSG Sachsenring Zwickau||26||7||11||8||26||25||+1||25-27|
|8||1. FC Lokomotive Leipzig||26||9||7||10||30||31||-1||25-27|
|10||BSG Wismut Aue||26||7||9||10||34||46||-12||23-29|
|11||1. FC Union Berlin||26||5||11||10||21||32||-11||21-31|
|13||BSG Stahl Riesa||26||5||8||13||23||41||-18||18-34|
|14||ASG Vorwärts Stralsund||26||6||6||14||20||48||-28||18-34|
|(C)||1971/72 DDR-Oberliga champions|
|Qualified for the European Cup|
|Qualified for the UEFA Cup|
|Qualified for the UEFA Cup Winners' Cup|
|Relegated to DDR-Liga|
Pld = Matches played; W = Matches won; D = Matches drawn; L = Matches lost; GF = Goals for; GA = Goals against; GD = Goal difference; Pts = Points
- fuwo, page: 93
- fuwo, page: 23
- "East Germany - List of Champions". rsssf.com. Retrieved 26 January 2016.
- "DDR-Meister" [East German champions]. dfb.de (in German). German Football Association. Retrieved 26 January 2016.
- "DDDR » Oberliga » Torschützenkönige" [DDR-Oberliga top scorers]. Weltfussball.de (in German). Retrieved 25 January 2016.
- fuwo, page: 92
- "European Competitions 1972-73". rsssf.com. Retrieved 26 January 2016.
- fuwo, page: 34 & 35
- "East Germany 1946-1990". rsssf.com. Retrieved 26 January 2016.
- "DDR » Oberliga 1971–72" [DDR-Oberliga 1971–72]. Weltfussball.de (in German). Retrieved 26 January 2016.
- "Das war unser Fußball im Osten" [This was our football in the East]. Fußball-Woche (fuwo) (in German). Berlin: Axel-Springer-Verlag. 1991.
- Das Deutsche Fussball Archiv (German) Historic German league tables