Yeah, but it's more than just % of GDP. Think about the outsized influence Texas has on school textbooks nationwide. Same idea with CA/NY/WA/TX in other areas.
"Texas buys 48 million textbooks every year. No other state, except California, wields that sort of market clout."[1]
Textbooks are written by publishers and reviewed by boards appointed by the state. However, this is a costly process and most small states do not bother with it. Due to the size of Texas, it makes sense for them to review and direct the writing of their own textbooks.
Thus, small states will often use textbooks originally published and directed by Texas(or another large state) for their school curriculum. This is why it's such a huge deal when <x huge state> removes <x important topic> from their curriculum.