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As of 2026, Rockstar Games has not released an official "compact" version of GTA V. However, with the success of the Steam Deck and handheld gaming, there is community demand for smaller installs.
Technically, it is impossible to compress the full, functional game into 1GB without removing nearly all its content. Some experimental "ultra-compressed" mods exist, but they come with extreme compromises: gta 5 highly compressed 1gb for pc