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The phrase "accounting for around" is a grammatically correct and commonly used phrase in written English.
It is typically used to introduce a statistic or percentage that explains a portion or subset of something. Example: "In 2018, the technology industry saw a boom, accounting for around 12% of the country's GDP." In this sentence, "accounting for around 12% of the country's GDP" explains the percentage of the economy attributed to the technology industry. Another example: "The top three countries, accounting for around 70% of global greenhouse gas emissions, have been urged to take immediate action to reduce their impact on climate change." Here, the phrase "accounting for around 70% of global greenhouse gas emissions" clarifies the portion of emissions produced by the top three countries.
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Drugs still dominate, accounting for around 60% of stop-searches.
Domestic violence accounted for one-in-three cothertions, with other violent crime accounting for around one-in-five.
Anal cancer is a rare disease, accounting for around 4% of large bowel malignancies [ 1].
Today, total health spending represents 11% of GDP in Costa Rica with public health spending accounting for around 70% [ 2].
The disease places a large burden on the health sector accounting for around 40% of out-patient department visits in 2008 [ 5].
There were more women's than children's health professionals in all three regions (East, Central and West of China), accounting for around 60%and40%0% respectively.
Worldwide, there are more than 190 000 new cases of ovarian cancer each year, accounting for around 4% of all cancers diagnosed in women.
TLE is the most common of the anatomically defined syndromes accounting for around 60% of all patients with localisation related epilepsies [ 23].
Television is currently the company's biggest earner, accounting for around 40% of revenues.
America is Britain's largest overseas market, accounting for around 15% of exports and 4% of GDP.
Three years on, only 18 funds are listed, accounting for around $500m-worth of assets.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com