Commercial whaling was historically important for the world economy. All species were exploited, and as one type's stock depleted, another type was targeted. The scale of whale harvesting decreased substantially through the 1960s as all whale stocks had been depleted, and practically stopped in 1988 after the International Whaling Commission placed a moratorium which banned whaling for commercial use. Several species that were commercially exploited have rebounded in numbers; for example, gray whales may be as numerous as they were prior to whaling, making it the first marine mammal to be taken off the endangered species list. The Southern right whale was hunted to near extinction in the mid-to-late 20th century, with only a small (unknown) population around Antarctica. Because of international protection, the Southern right whale's population has been growing 7% annually since 1970. Conversely, the eastern stock of North Atlantic right whale was extirpated from much of its former range, which stretched from the coast of North Africa to the North Sea and Iceland; it is thought that the entire stock consists of only ten individuals, making the eastern stock functionally extinct.