|Relegated||Stahl Riesa F.C. Hansa Rostock|
|European Cup||Dynamo Dresden|
|European Cup Winners' Cup||1. FC Lokomotive Leipzig|
|UEFA Cup||1. FC Magdeburg FC Carl Zeiss Jena|
|Goals scored||500 (2.75 per match)|
|Top goalscorer||Joachim Streich (17)|
The league was contested by fourteen teams. Dynamo Dresden won the championship, the club's fifth of eight East German championships. Dynamo Dresden to went on to win the FDGB-Pokal as well, defeating 1. FC Lokomotive Leipzig in the final and thereby repeating its double.
Joachim Streich of 1. FC Magdeburg was the league's top scorer with 17 goals, the first of four occasions to finish as league top scorer, a record jointly held with Hans-Jürgen Kreische, while Hans-Jürgen Dörner of Dynamo Dresden won the seasons East German Footballer of the year award.
On the strength of the 1976–77 title Dresden qualified for the 1977–78 European Cup where the club was knocked out by eventual winners Liverpool in the second round. Fourth-placed club 1. FC Lokomotive Leipzig qualified for the 1977–78 European Cup Winners' Cup as the seasons FDGB-Pokal runners-up and was knocked out by Real Betis in the second round. Second-placed 1. FC Magdeburg qualified for the 1977–78 UEFA Cup where it was knocked out in the quarter finals by PSV Eindhoven while third-placed FC Carl Zeiss Jena lost to SEC Bastia, also in the quarter finals.
|2||1. FC Magdeburg||26||14||6||6||47||28||+19||34|
|3||FC Carl Zeiss Jena||26||14||5||7||45||31||+14||33|
|4||Berliner FC Dynamo||26||14||4||8||43||27||+16||32|
|5||1. FC Lokomotive Leipzig||26||10||9||7||40||29||+11||29|
|6||FC Rot-Weiss Erfurt||26||8||9||9||27||35||-8||25|
|7||Hallescher FC Chemie||26||7||10||9||34||39||-5||24|
|8||BSG Sachsenring Zwickau||26||7||8||11||32||34||-2||22|
|10||BSG Wismut Aue||26||6||10||10||27||45||-18||22|
|11||1. FC Union Berlin||26||7||7||12||30||42||-12||21|
|12||FC Vorwärts Frankfurt||26||9||3||14||23||36||-13||21|
|14||F.C. Hansa Rostock||26||6||8||12||23||41||-18||20|
|League champion & Qualified for the European Cup||FDGB-Pokal runners-up & Qualified for the European Cup Winners' Cup||Qualified for the UEFA 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 1977-78". rsssf.com. Retrieved 26 January 2016.
- "East Germany 1946-1990". rsssf.com. Retrieved 26 January 2016.
- "DDR-Oberliga 1976–77". 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