Everyone will get very different minimum sizes of standalone build due to the simple fact that GG copies over a load of stuff that you aren't even using in your game and that will depend on what extra custom stuff you have in your GG folders.
For example *all* shaders are included, regardless of whether they are used, in fact it appears that everything in your effectbank is copied over.
Similarly any extra stuff installed into gamecore will be copied over regardless of usage, things like custom weapons, sound effects, particle sheets etc.
My effectbank folder is almost 400Mb on its own, in a newly created GG folder structure, even after all the base shaders are compiled, it is around 130Mb.
So for me an empty standalone is around the 680Mb mark.
Also worth noting that around 30 Mb of your standalone is the av dll files, presumably they contain the support for various video/audio but equate to twice the size of the GG executables!
Been there, done that, got all the T-Shirts!