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Today's tutorial demonstrates how to reduce the file size of an Excel document from 16.4 MB to less than 50 KB. The key is to ensure the file is in a tabular format without any blank rows or columns. The data in the file includes series reference, period, data value, status, and dollars. To reduce the file size, save it as an Excel file instead of a CSV file. This simple step decreased the file size to 3.18 MB.