|Champions||1. FC Magdeburg|
|Relegated||BSG Chemie Leipzig BSG Energie Cottbus|
|European Cup||1. FC Magdeburg|
|European Cup Winners' Cup||FC Carl Zeiss Jena|
|UEFA Cup||Dynamo Dresden FC Vorwärts Frankfurt|
|Goals scored||534 (2.93 per match)|
|Top goalscorer||Hans-Bert Matoul (20)|
The league was contested by fourteen teams. 1. FC Magdeburg won the championship, the club's second of three East German championships. During the season Magdeburg also won the 1973–74 European Cup Winners' Cup.
On the strength of the 1973–74 title Magdeburg qualified for the 1974–75 European Cup where the club was knocked out by Bundesliga champions FC Bayern Munich in the second round. It was the second time the East and West German champions were drawn against each other in an UEFA competition, Bayern having eliminated Dynamo Dresden in the previous season in the same competition. Second-placed club FC Carl Zeiss Jena qualified for the 1974–75 European Cup Winners' Cup as the seasons FDGB-Pokal winners and was knocked out by Benfica in the second round. Third-placed Dynamo Dresden qualified for the 1974–75 UEFA Cup where it was knocked out in the third round by Hamburger SV while fourth-placed FC Vorwärts Frankfurt lost to Juventus in the first round.
||Qualification or relegation
|1||1. FC Magdeburg (C)||26||16||7||3||50||27||+23||39||1974–75 European Cup|
|2||FC Carl Zeiss Jena||26||16||4||6||55||26||+29||36||1974–75 European Cup Winners' Cup|
|3||Dynamo Dresden||26||15||5||6||55||40||+15||35||1974–75 UEFA Cup|
|4||FC Vorwärts Frankfurt||26||13||8||5||48||27||+21||34|
|5||1. FC Lokomotive Leipzig||26||11||8||7||49||35||+14||30|
|6||Berliner FC Dynamo||26||12||3||11||42||41||+1||27|
|8||BSG Sachsenring Zwickau||26||10||5||11||37||41||−4||25|
|10||BSG Wismut Aue||26||7||8||11||29||38||−9||22|
|11||BSG Stahl Riesa||26||7||9||10||25||42||−17||211|
|12||FC Rot-Weiß Erfurt||24||5||9||10||27||29||−2||19|
|13||BSG Chemie Leipzig (R)||26||3||9||14||22||39||−17||15||Relegation to DDR-Liga|
|14||BSG Energie Cottbus (R)||26||1||8||17||16||58||−42||10|
Rules for classification: 1) points; 2) goal difference; 3) number of goals scored
1Stahl Riesa had 2 points deducted for improper training camp
(C) = Champion; (R) = Relegated; (P) = Promoted; (E) = Eliminated; (O) = Play-off winner; (A) = Advances to a further round.
- 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.
- "European Competitions 1973-74". rsssf.com. Archived from the original on 6 October 2009. Retrieved 26 January 2016.
- "DDDR » Oberliga » Torschützenkönige" [DDR-Oberliga top scorers]. Weltfussball.de (in German). Retrieved 25 January 2016.
- fuwo, page: 92
- "European Competitions 1974-75". rsssf.com. Retrieved 26 January 2016.
- "East Germany 1946-1990". rsssf.com. Retrieved 26 January 2016.
- "DDR » Oberliga 1973–74" [DDR-Oberliga 1973–74]. 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