Question about local storage limits for smart contracts

I see in the documenation "When creating a stateful smart contract, there is a limit of … 16 key-value pairs that can be used for local storage. "

Is this 16 key-value pairs per account? Thank you to anyone who knows. Apologies if the answer is obvious.

Yes, 16 k/v pairs per account (up to four) for local storage read/write by the stateful smart contract application call transaction. Each k/v pair may contain up to 64 bytes of data for both key and value.

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