|Relegated||1. FC Union BerlinHallescher FC Chemie|
|European Cup||Dynamo Dresden|
|European Cup Winners' Cup||1. FC Magdeburg|
|UEFA Cup||FC Carl Zeiss Jena1. FC Lokomotive Leipzig|
|Goals scored||557 (3.06 per match)|
|Top goalscorer||Hans-Jürgen Kreische (26)|
Hans-Jürgen Kreische of Dynamo Dresden was the league's top scorer with 26 goals, the third of a record four top scorer finishes for Kreische, with him also winning the seasons East German Footballer of the year award.
On the strength of the 1972–73 title Dresden qualified for the 1973–74 European Cup where the club was knocked out by Bundesliga champions FC Bayern Munich in the second round. It was the first time the East and West German champions were drawn against each other in an UEFA competition and resulted in a close contest, Bayern winning 7–6 on aggregate. Third-placed club 1. FC Magdeburg qualified for the 1973–74 European Cup Winners' Cup as the seasons FDGB-Pokal winners and won the competition after a 2–0 final victory over AC Milan, the greatest success of any East German club in Europe. Second-placed FC Carl Zeiss Jena qualified for the 1973–74 UEFA Cup where it was knocked out in the second round by Ruch Chorzów while fourth-placed 1. FC Lokomotive Leipzig lost to Tottenham Hotspur in the semi-finals, having previously overcome Fortuna Düsseldorf in the third round in another German East-West encounter.
|1||Dynamo Dresden (C)||26||18||6||2||61||30||+31||42|
|2||FC Carl Zeiss Jena||26||15||9||2||46||21||+25||39|
|3||1. FC Magdeburg||26||14||6||6||50||28||+22||34|
|4||1. FC Lokomotive Leipzig||26||12||6||8||57||41||+16||30|
|6||Berliner FC Dynamo||26||9||8||9||41||42||-1||26|
|7||FC Vorwärts Frankfurt||26||10||5||11||54||46||+8||25|
|8||BSG Sachsenring Zwickau||26||8||8||10||37||43||-6||24|
|9||BSG Chemie Leipzig||26||5||11||10||21||26||-5||21|
|10||F.C. Hansa Rostock||26||6||8||12||36||44||-8||20|
|11||BSG Wismut Aue||26||7||6||13||27||46||-19||20|
|12||FC Rot-Weiss Erfurt||26||8||3||15||37||56||-19||19|
|13||1. FC Union Berlin||26||7||4||15||22||45||-23||18|
|14||Hallescher FC Chemie||26||4||8||14||35||57||-22||16|
|(C)||1972–73 DDR-Oberliga champions|
|Qualified for the European Cup|
|Qualified for the UEFA Cup|
|Qualified for the UEFA Cup Winners' Cup|
|Relegated to DDR-Liga|
- 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 1973-74". rsssf.com. Archived from the original on 6 October 2009. Retrieved 26 January 2016. Cite uses deprecated parameter
- "East Germany 1946-1990". rsssf.com. Retrieved 26 January 2016.
- "DDR » Oberliga 1972–73" [DDR-Oberliga 1972–73]. 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 (in German) Historic German league tables