|Champions||Berliner FC Dynamo|
|Relegated||FC Vorwärts FrankfurtStahl Riesa|
|European Cup||Berliner FC Dynamo|
|European Cup Winners' Cup||FC Carl Zeiss Jena|
|UEFA Cup||1. FC Lokomotive LeipzigDynamo Dresden|
|Goals scored||524 (2.88 per match)|
|Top goalscorer||Andreas Thom (20)|
The league was contested by fourteen teams. Berliner FC Dynamo won the championship, the club's last of ten consecutive East German championships from 1978 to 1988. BFC Dynamo also won the FDGB-Pokal, thereby becoming the second club after Dynamo Dresden to win the double in East Germany.
On the strength of the 1987–88 title BFC Dynamo qualified for the 1988–89 European Cup where the club was knocked out in an East-West German encounter by SV Werder Bremen in the first round. Sixth-placed club FC Carl Zeiss Jena qualified for the 1988–89 European Cup Winners' Cup as the seasons FDGB-Pokal runners-up and was knocked out by Sampdoria second round. Second-placed 1. FC Lokomotive Leipzig qualified for the 1988–89 UEFA Cup where it was knocked out by S.S.C. Napoli in the second round while third-placed Dynamo Dresden lost to VfB Stuttgart in the semi-finals.
|1||Berliner FC Dynamo||26||15||7||4||59||30||+29||37|
|2||1. FC Lokomotive Leipzig||26||14||9||3||42||21||+21||37|
|5||Hallescher FC Chemie||26||7||12||7||33||33||0||26|
|6||FC Carl Zeiss Jena||26||8||10||8||28||29||-1||26|
|7||1. FC Magdeburg||26||9||7||10||34||33||+1||25|
|9||F.C. Hansa Rostock||26||7||9||10||42||49||-7||23|
|10||BSG Wismut Aue||26||8||7||11||24||34||-10||23|
|11||1. FC Union Berlin||26||7||8||11||35||54||-19||22|
|12||FC Rot-Weiss Erfurt||26||8||5||13||40||49||-9||21|
|13||FC Vorwärts Frankfurt||26||6||9||11||33||43||-10||21|
|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 1988–89". rsssf.com. Retrieved 26 January 2016.
- "East Germany 1946-1990". rsssf.com. Retrieved 26 January 2016.
- "DDR-Oberliga 1987–88". 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.