In this work, the geomagnetic storms that occurred during solar cycles 23 and 24 were classified based on the value of the Disturbance Storm Time index (Dst), which was considered an indicator of the strength of geomagnetic conditions. The special criterion of Dst >-50 nT was adopted in the classification process of the geomagnetic storms based on the minimum daily value of the Dst-index. The number of geomagnetic storms that occurred during the study period was counted according to the adopted criteria, including moderate storms with (Dst >-50 nT), strong storms with (Dst >-100 nT), severe storms with (Dst >-200 nT), and great storms with (Dst >-350 nT). The statistical results showed that the total number of geomagnetic storms identified during solar cycle 23 was 571 storms, while during solar cycle 24, the number of storms decreased to 282 storms. Depending on the minimum value of Dst-index, the geomagnetic storms identified during Cycle 23 were classified into: 446 moderate, 101 strong, 19 severe, and 5 great storms. During Cycle 24, it was classified into: 247 moderate, 34 strong, and 1 severe storm. Also, the results of the study indicated that no storm of either a severe or great type was recorded during the solar cycle 24, given that this cycle witnessed low solar activity. This indicates that solar activity associated with sunspot number (SSN) corresponds to the rate of occurrence and strength of geomagnetic storms of all categories.