The overall level of solar activity, and space weather response at Earth, varies within and between successive solar cycles and can be characterized by the statistics of bursts, i.e., time series excursions above a threshold. We consider nonoverlapping 1-year samples of the auroral electrojet index (AE) and the SuperMAG-based ring current index (SMR), across the last four solar cycles. These indices, respectively, characterize high latitude and equatorial geomagnetic disturbances. We suggest that average burst duration (Formula presented.) and burst return period (Formula presented.) form an activity parameter, (Formula presented.) which characterizes the fraction of time the magnetosphere spends, on average, in an active state for a given ...