Repo size limits / file size limits

Hello! I’m fairly new to SVNs and Git. I see that Gitlab has no specified limit on reporsitory size, but they ask to keep them below 1GB. I’m unclear if this is the entire repo and all branches. They also make mention of possible issues with large binaries, but no quantifier on what “large” means.
I have one project we’d like to start using Git for and it is about 2GB. Will this be an issue? The largest files are some mp4s an max out at about 40MB. Will these be a denied from the repo or can they just not be tracked.