AbstractIn the present study, the influence of the solar wind dynamic pressure on the plasma and magnetic pressures of the magnetosphere is studied. We use 11‐year Time History of Events and Macroscale Interactions during Substorms (THEMIS) instruments for plasma and magnetic field measurements in the magnetosphere and the OMNI database for solar wind dynamic pressure and IMF data. We focus on the effects of the solar wind dynamic pressure (PSW) and consider only times in which the interplanetary magnetic field (IMF) components are within ±5 nT. We find that the plasma pressure inside the magnetosphere follows the solar wind dynamic pressure and that an increase in PSW also influence the day‐night pressure asymmetry. Our analysis also reveals the existence of ion and electron drifts from midnight toward the dusk and dawn sectors, respectively. We observe a local magnetic pressure minimum located near a plasma pressure maximum at around 11 RE on the nightside. Comparing the effect of PSW on both plasma and magnetic pressures, we observe trends which are consistent with the diamagnetic properties of plasmas. In general, the distribution of plasma pressure within the Earth's magnetosphere is an important criterion for evaluating the magnetostatic equilibrium and electric current system. The outcome of this study should provide additional methodologies for the characterization of key plasma characteristics within the magnetosphere.