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| Soviet Union qualified to Olympic Games 1988 | | Brazil replaced Cuba for Olympic Games Women 1988 |
| Cuba was already qualified but rejected the invitation to play in the Games. |
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| Final Ranking | won | lst | gf | ga | ratio | | 1. |  Soviet Union | 4 | 0 | 12: | 2 | 1.821 | | 2. |  Brazil | 3 | 1 | 10: | 4 | 1.548 | | 3. |  Italy | 2 | 2 | 8: | 8 | 1.149 | | 4. |  Canada | 1 | 3 | 5: | 9 | 0.573-1 | | 5. |  New Zealand | 0 | 4 | 0: | 12 | 0.135-1 |
| Team | Sovi | Braz | Ital | Cana | NeZe | | Soviet Union | --- | 3:0 | 3:1 | 3:0 | 3:0 | | Brazil | | --- | 3:1 | 3:0 | 3:0 | | Italy | | | --- | 3:2 | 3:0 | | Canada | | | | --- | 3:0 | | New Zealand | | | | | --- |
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| date | team 1 | score | team 2 | pts | g1 | g2 | g3 | g4 | g5 | | played at Forli, Italy | | 24.05.88 | Brazil | 3-0 | Canada | 45-16 | 15-3 | 15-11 | 15-2 | | | 24.05.88 | Italy | 3-0 | New Zealand | 45-5 | 15-1 | 15-0 | 15-4 | | | 25.05.88 | Italy | 3-2 | Canada | 67-55 | 12-15 | 15-4 | 10-15 | 15-8 | 15-13 | | 25.05.88 | Soviet Union | 3-0 | New Zealand | 45-5 | 15-3 | 15-2 | 15-0 | | | 26.05.88 | Brazil | 3-1 | Italy | 58-45 | 15-13 | 15-12 | 13-15 | 15-5 | | | 26.05.88 | Soviet Union | 3-0 | Canada | 45-19 | 15-2 | 15-10 | 15-7 | | | 28.05.88 | Soviet Union | 3-1 | Brazil | 57-44 | 15-10 | 15-7 | 12-15 | 15-12 | | | 28.05.88 | Canada | 3-0 | New Zealand | | | 29.05.88 | Brazil | 3-0 | New Zealand | 45-6 | 15-2 | 15-4 | 15-0 | | | 29.05.88 | Soviet Union | 3-1 | Italy | 57-44 | 15-5 | 15-12 | 12-15 | 15-12 | |
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| 1. Soviet Union | | 1. Valentina Oguienko | 28 | 1.90m | 80 | | 2. Yelena Volkova | 23 | 1.80m | 76 | | 3. Marina Kumish | 24 | 1.84m | 73 | | 5. Irina Smirnova | 20 | 1.85m | 72 | | 6. Tatiana Sidorenko | 22 | 1.85m | 78 | | 7. Irina Parhomtchuk | 23 | 1.78m | 74 | | 8. Tatyana Krainova | 21 | 1.83m | 73 | | 9. Olga Shkurnova | 26 | 1.80m | 71 | | 10.Marina Nikulina | 25 | 1.80m | 68 | | 12.Olga Krivosheyeva | 27 | 1.80m | 68 | | 13.Svetlana Korytova | 20 | 1.85m | 80 | | 15.Olga Tolmatchova | 25 | 1.82m | 76 |
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| 2. Brazil | | 1. Kerly Santos | 17 | 1.89m | 88 | | 2. Ana Beatriz Moser | 19 | 1.84m | 72 | | 4. Vera Leme Mossa | 23 | 1.83m | 62 | | 5. Eliani Costa | 23 | 1.77m | 64 | | 6. Ana Maria Richa | 21 | 1.75m | 60 | | 7. Dora | 28 | 1.72m | 68 | | 8. Ana Claudia Ramos | 26 | 1.79m | 66 | | 9. Marcia Cunha | 18 | 1.86m | 81 | | 11.Ana Lucia | 23 | 1.76m | 71 | | 12.Sandra Suruagy | 25 | 1.80m | 68 | | 14.Fernanda Venturini | 17 | 1.81m | 64 | | 15.Simone Storm | 19 | 1.76m | 62 |
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